A machine was installed 10 years ago in a plant at a capital investment cost of $70,000. This press has today a market value of $14,000. If this machine is kept, it will have an economic life of three years, operating Expenses of $14,000 per year, and a Market Value of $10,000 at the end of year three. This existing machine is being depreciated by a straight-line method using a 15 years of class life period with an estimated Salvage Value of S10,000 used for depreciation purpose. As an alternative, the currently owned machine will be replaced by a new machine which will cost $60,000 to purchase and $5,000 to install, have operating expenses of $9,000 per year and have a final Market Value of S10,000 at the end of its 20-years economic life. If the replacement is made, the new machine will be depreciated by a straight-line method with an estimated Salvage Value of S10,000 at the end of year 20. It is thought that a machine will be needed indefinitely at the plant. If the After-Tax MARR Rate is 10% per year and the Effective Tax Rate is 40%, perform an After-Tax Cash Flow Analysis, Should the old machine be kept or replaced