A machine with a book value of $245,500 has an estimated 6-year life. A proposal is offered to sell the old machine for $214,500 and replace it with a new machine at a cost of $282,300. The new machine has a 6-year life with no residual value. The new machine would reduce annual direct labor costs from $50,900 to $40,700. Question Content Area Prepare a differential analysis dated October 3 on whether to Continue with Old Machine (Alternative 1)