D Question 14 1 pts St. Johns River Shipyards is considering the replacement of an 8-year-old riveting machine with a new one that will increase earnings before depreciation from $22,000 to $56,000 per year. The new machine will cost $100,000, and it will have an estimated life or 8 years and no salvage value. The new machine will be depreciated over its 5-year MACRS recovery period, so the applicable depreciation rates are 20%, 32%. 19%, 12%, 11%, and 6%. The applicable corporate tax rate is 35%, and the firm's WACC is 15%. The old machine has been fully depreciated and has no salvage value. What is the replacement project's NPV? O 31,302 O 40,162 O 23,321 O 35,614 O 27,209 Previous