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Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another 10 years. It is

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Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another 10 years. It is inefficient compared to modern standards, though, and so the company is considering replacing it. The new milling machine, at a cost of $118,000 delivered and installed, would also last for 10 years an of capital is 10%, and its marginal tax rate is 35%. Should Chen buy the new machine? Do not round intermediate calculations. Round your answer to the nearest cent. Negative value, if any, should be indicated by a minus sign. NPV: $ Chen purchase the new machine

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