A machine purchased three years ago for $306,000 has a current book value using straight-line depreciation of $194,000; its operating expenses are $33,000 per year. A replacement machine would cost $240,000, have a useful life of eleven years, and would require $9,000 per year in operating expenses, It has an expected salvage value of $69,000 after eleven years. The current disposal value of the old machine is $78,000; if it is kept 11 more years, its residual value would be $16,000. Required Calculate the total costs in keeping the old machine and purchase a new machine. Should the old machine be replaced