Cullumber Timber Corporation uses a machine that removes the bark from cut timber. The machine is unreliable and results in a significant amount of downtime and excessive labor costs. Management is considering replacing the machine with a more efficient on which will minimize downtime and excessive labor costs. Data are presented below for the two machines: It is estimated that the new machine will produce annual cost savings of $108,800. The old machine can be sold to a scrap dealer for $11,200. Both machines will have a salvage value of zero if operated for the remainder of their useful lives. Determine whether the company should purchase the new machine. (Enter negative amounts using elther a negative sign preceding the number es. 45 or parentheses es. (45). Do not leave any field blank. Enter O for the amounts.)