he Gilbert Instrument Corporation is considering replacing the wood steamer it currently uses to shape guitar sides. The steamer has 6 years of remaining life. If hept, the steamer will have depreciation expenses of $600 for 5 years and $300 for the sixth year. Its current book value is $3, 300, and it can be sold on an Internet auction site for $3,850 at this time. If the old stearmer is not replaced, it can be sold for $800 at the end of its useful life. Gtbert is considering purchasing the Side Steamer 3000 , a higher end steamer, which costs $11,000 and has an estimated useful lfe of 6 years with an estimated salvage value of $1,200. This steamer falls into the MACRS 5-years class, so the applicable depreciation rates are 20.00\%, 32.00\%, 19.20\%, 11.52\%, 11.52\%, and. 5.76\%. The new steamer is faster and allows for an output expansion, so sales would rise by $2,000 per year; the new machine's much greater efficiency would reduce operating expenses by $1,500 per yeac. To support the greater sales, the new machine would require that inventories increase by $2,900, but accounts payable would simultaneously increase by 5700. Gibert's marginal federal.plus-state tax rate is 25%, and the project cost of capital is 14%. What is the NPV of the project? Do not round intermediate calculations. Round your answer to the nearest dollar. 5 Should it replace the old steamer? The old steamei be replaced