Machine roplacement Decision A company is considering replacing an old plece of machinery, which cost $599,300 and has $349,800 of accumulated depredaton to date, with a new machine that has a purchase price of 5483,000 . The old machine could be sold for $62,800. The annual variable production costs associated with the old machine are eatimated to be 5155,600 per yebt for 8 years. The annual variable production costs for the new machine are estirnated to be 599,300 per year for 8 years. mount is zoro, enter "0. For those boxes in which you must enter subtracted or negative numbers use a minus sign: Dyterasine whether te continye wath (Aitemative 1] or mplace (Aiternotive 2) the old machine. b. What is the sunk cost in this situation? The sunk cost is 5