Current Attempt in Progress Cullumber Company has a machine that affixes labels to bottles. The machine has a book value of $84,800 and a remaining useful life of 3 years and no salvage value. A new, more efficient machine is available at a cost of $318,000 that will have a 3-year useful life with no salvage value. The new machine will lower annual variable production costs from $551,200 to $434,600. Prepare an analysis showing whether the old machine should be retained or replaced. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) Variable manufacturing costs Fixed manufacturing costs New machine cost Net savings over 3 years eTextbook and Media Save for Later Retain Equipment Replace Equipment Net Income Change $ $ $ Attempts: 0 of 3 used Submit Answer