KISS 92.5 is considering the replacement of its old, fully depreciatedsound mixer. Mixer X has a cost of $743,000, a six-year expected life, and after-tax cash flow savings of $296,000 per year. Mixer Y has a cost of $989,000, aten-year life, and after-tax cash flow of $279,000 per year. No new technologicaldevelopments are expected. The cost of capital is 12%. Should KISS 92.5 replacethe old mixer with X or Y? Why?