Bryant Company has a factory machine with a book value of $93,700 and a remaining useful life of 7 years. It can be sold for $27,100. A new machine is available at a cost of $394,100. This machine will have a 7-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $634,100 to $522,000. Prepare an analysis showing whether the old machine should be retained or replaced.