One year$$ ago, your company purchased a machine used in manufacturing for $$$$90000.$ You have learned that a new machine is available that offers many$$ advantages; you can purchase it for $$$$160000$ today. It will be depreciated on a$$ straight$-$line basis over $10$years$,$ after which it has no salvage value. You expect that the new machine will contribute EBITDA$($earnings before$$ interest, taxes,$$ depreciation, and$$ amortization$)$ of $$$$60000$ per year for the next $10$ years. The current machine is expected to produce EBITDA of $$$$24000$ per year. The current machine is being depreciated on a$$ straight$-$line basis over a useful life of $11$years$,$ after which it will have no salvage$$ value, so depreciation expense for the current machine is $$$$8181\mathrm{.}82$ per year. All other expenses of the two machines are identical. The market value today of the current machine is $$$$50000.$ Your$$ company's tax rate is $30\%,$ and the opportunity cost of capital for this type of equipment is $10\%.$

The NPV of the replacement is $$$

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