One year ago, your company purchased a machine used in manufacturing for $100,000. You have learned that a new machine is available that offers many advantages and that you can purchase it for $190,000 today. The CCA rate applicable to both machines is 30%; neither machine will have any long-term salvage value. You expect that the new machine will produce earnings before interest, taxes, depreciation, and amortization (EBITDA) of $60,000 per year for the next eight years. The current machine is expected to produce EBITDA of $30,000 per year. All other expenses of the two machines are identical. The market value today of the current machine is $60,000. Your company's tax rate is 25%, and the opportunity cost of capital for this type of equipment is 10%. Should your company replace its year-old machine? Yes, because the NPV of this investment is $23,267 No, because the NPV of this investment is $9,964 Yes, as the NPV of this investment is $13,303 Yes, because the NPV of this investment is $10,554 No, because the NPV of this investment is $32,546