One year ago, your company purchased a machine used in manufacturing for $ 120 comma 000 . You have learned that a new machine is available that offers many advantages and you can purchase it for $ 160 comma 000 today. It will be depreciated on a straight-line basis over 10 years and has no salvage value. You expect that the new machine will produce a gross margin (revenues minus operating expenses other than depreciation) of $ 45 comma 000 per year for the next 10 years. The current machine is expected to produce a gross margin of $ 22 comma 000 per year. The current machine is being depreciated on a straight-line basis over a useful life of 11 years, and has no salvage value, so depreciation expense for the current machine is $ 10 comma 909 per year. The market value today of the current machine is $ 50 comma 000 . Your company's tax rate is 42 % , and the opportunity cost of capital for this type of equipment is 11 % . Should your company replace its year-old machine? The NPV of replacing the year-old machine is $enter your response here . (Round to the nearest dollar.) Should your company replace its year-old machine?(Select the best choice below.) A. Yes comma there is a profit from replacing the machine. B. No comma there is a loss from replacing the machine.

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