Filkins Fabric Company is considering the replacement of its old, fully depreciated knitting machine. Two new models are available: Machine $190-3,$ which has a cost of $$220,000,$ a $3-$year expected life, and after$-$tax cash flows $($labor savings and depreciation$)$ of $$97,000$ per year; and Machine $360-6,$ which has a cost of $$320,000,$ a $6-$year life, and after$-$tax cash flows of $$93,400$ per year. Knitting machine prices are not expected to rise because inflation will be offset by cheaper components $($microprocessors$)$ used in the machines. Assume that Filkins's cost of capital is $12\%.$

Calculate the two projects' extended NPVs$.$ Do not round intermediate calculations. Round your answers to the nearest dollar.

Machine $190-3$: $

Machine $360-6$: $

Should the firm replace its old knitting machine? If so$,$ which new machine should it use?

The firm

$-$Select$-$

$.$

By how much would the value of the company increase if it accepted the better machine? Do not round intermediate calculations. Round your answer to the nearest dollar.

$

What is the equivalent annual annuity for each machine? Do not round intermediate calculations. Round your answers to the nearest dollar.

Machine $190-3$: $

Machine $360-6$: $