A machine purchased three years ago for $311,000 has a current book value using straight-line depreciation of $186,000, tts operating expenses are $38,000 per year. A replacement machine would cost $229,000, have a useful life of nine years, and would require $12,000 per year in operating expenses. It has an expected salvage value of $77,000 after nine years. The current disposal value of the old machine is $89,000; if it is kept 9 more years, its residual value would be $19,000 Required Calculate the total costs in keeping the old machine and purchase a new machine. Should the old machine be replaced