Management at Metz Ltd. is considering upgrading a piece of manufacturing machinery with a newer model. Selected information is as follows: Existing New Original cost $70,400 $67,400 Accumulated $3,600 $0 depreciation Current salvage value $59,000 $0 Remaining useful life 5 5 (in years) Annual operating $10,400 $9.200 expenses Disposal value in 5 $0 $0 years If management upgrades the machinery, by how much would income increase or decrease? Increase by $2,400 Increase by $4,950 Decrease by $4,950 Decrease by $2,400 None of these options is correct