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; you can purchase

it for $$140,000$ 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 $$35,000$ per year for the next $10$

years. The current machine is expected to produce EBITDA of $$21,000$ 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 $$9,090\mathrm{.}91$ per

year. All other expenses of the two machines are identical. The market value today of the

current machine is $$50,000.$ Your company's tax rate is $25\%,$ and the opportunity cost of

capital for this type of equipment is $10\%.$ Is it profitable to replace the year$-$old machine?

The NPV of the replacement is $

$($Round to the nearest cent.$)$