On January 1, 2021, X Company bought a machine for $42,000, It's now January 1, 2022, and management is disappointed that 2021 operating costs with the machine were 334,000 in they are expecting future operating costs to continue to be $34,000 a year, they are considering replacing the machine with a new one. Although the new machine will cost $50,000, porating costs with the new machine wil decrease by $9,000 each year. Both machines will last for 5 more years. The current machine can be sold immediately for $8,000 but will have no salvage value at the end of 5 years. The new machine will have a salvage value of $5,000 at the end of 5 years. Assuming a discount rate of 7%, what is the net present value of replacing the current machine with the new one? A: $-786 B: 5-982 C $1,228 0 $-1,535 OR $-1,919 OF $2,396 Submit Answer Tries 0/99