Lxel Online Structured Activity: Replacement Analysis: The 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 kept, the stearner will have depreciation expenses of $650 for $ years and $325 for the sixth year. Its current book value is $3,575, and it can be sold on an Intemet auction site for $1,150 at this time. If the old steamer is not replaced, it can be sold for $400 at the end of its useful life. Galbert is considering purchasing the sude Steamer 3000 , a higher-end steamer, which costs $12,000, and has an estimated useful life of 6 years with an estienated salvage value of $1,200. This steamer falls into the MACrs 5 years dass, 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 would allow for an output expansion, so sales would rise by $2,000 per year; even so, the new machane's much greater eficiency woild reduce operating expenses by $1,400 per year. To support the greater sales, the new machine would require that inventories increase by $2,900, but accounts payable would simultaneously increase by $700. Gilbert's marginal federal-plus-state tax rate is 40%, and its WACC is 15%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Openspreadsheet. Should it replace the old steamer? The old steamer be replaced. What is the Niv of the project? Do not round intermediate calculations, Round your answer to the nearest dollar