Fanning Company paid $99,000 to purchase a machine on January 1, Year 1. During Year 3, a technological breakthrough resuited in the development of a new machine that costs $101,000. The old machine costs $54,000 per year to operate, but the new machine could be operated for only $8,000 per year. The new machine, which will be available for delivery on January 1, year 3 , has an expected useful life of four years. The old machine is more durable and is expected to have a remaining useful life of four years. The current market value of the old machine is $34,000. The expected salvage value of both machines is zero. Required Calculate the total avoidable costs in keeping the old machine and buying a new machine. Should the machine be replaced