On April $1,$ Topeka Brake Mfg$.$ purchased new production scheduling software for $$480,000.$ On May $15,$ a representative of a computerized manufacturing technology company demonstrated new software that was clearly superior to that purchased by the firm in April. The price of this software is $$840,000.$ Corporate managers estimate that the new software would save the company $$32,000$ annually in schedule$-$related costs compared to the recently installed software. Both software packages should last $10$ years $($the expected life of the computer hardware$)$ and have no salvage value at that time. The company can sell its existing software for $$356,000$ if the new software is purchased. Should the company keep and use the software purchased earlier or buy the new software?