Mr. Stewart at XYZ Production, Inc. is trying to determine the true economic value (TEV) for a new computerized machine. This machine costs $30 per hour to operate and can be used for a year befor it needs to be replaced. A system crash costs $900,000, and the probability that the machine will crash is 10%. The next-best alternative has a price of $275,000. It can also be used for a year and costs $25 per hour to operate. The cost of a system crash for this alternative is also $900,000, and th probability that it will crash is 25%.XYZ Production plans to operate this machine 24 hours per day, 365 days, over the next year. Calculate the TEV for the new computerized machine from XYZ Production, Inc. (4 Points) 0 Formula: TEV = Price of Next Best Alternative + Costs Savings from Lower Crash Probability - Increased Operating Costs Price of Campbell Corp Cleaner (CCC)|| $0.00 Cost of Crash for CCC $0.00 Probability of Crash for CCC Cost of Crash for New Machine $0.00 Probability of Crash for New Machine Total Hours Operated oldays * hours Operating Cost per Hour for CCC $0 Total Operating Cost for CCC| $0 hrs * cost/hr Operating Cost per Hour for New Machine Total Operating Cost for New Machine $0 cost/hr*total hrs $0 TEV Calc = row 1 + ((row2 * row 3)-(row 4* row 5))-(row 7 - row 6) | $0 TEV