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 ten 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 $40000 per year for the next ten years. The current machine is expected to produce a gross margin of $24000 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 $8182 per year. The market value today of the current machine is $45000. Your company's tax rate is 40%, 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 $______ (Round to the nearest dollar)