Goodtread Rubber Company is one of the leading auto wheel manufacturers in Belgium. Company has been using a melting machine in the operations for 4 years and the machine has been depreciated on a straight line basis towards 12000$ salvage value. Company purchased the machinery for 172000$ four years ago. Remaining useful life of machinery is 4 years. Currently company can sell it for 62000$ and company expects to sell it for 16000$ after four years. The new machine has a list price of 250000$ and has an estimated life of 4 years. The machine will be depreciated according to MACRS 3 year class. Because of greater efficiency, company expects the annual sales to increase by 68000$ dollars and expenses to increase by 24000$ per year. Installation and modification costs of the new machine will be 14000$ (Hint: This payment must be capitalized). And the increase in sales will force the company to invest additional 25000$ on inventory. Marginal tax rate of the company is 30%. And the required rate of return is 14%. Should the company make the replacement? Briefly explain.