One year ago, your company purchased a machine used in manufacturing for $120.000 You have leamed that a new machine is available that offers many advantages and you can purchase it for $155.000 today it will be depreciated on a straighine basis over 10 years and has no salvage value. You expect that the new machine will produce a gloss margin (revenues minus operating expenses other than depreciation of $55,000 per year for the next 10 years. The current machine is expected to produce a gross margin of $21,000 per year. The current machine is being depreciated on a straight-ane basis over a useful le of 11 years, and has no salvage value, so depreciation expense for the current machine is $10.909 per year. The market value today of the current machine is $45,000 Your company's tax rate is 45%, and the opportunity cost of capital for this type of equipment is 12 Should your company replace its year old machine? The NPV of replacing the year-old machine is (Round to the newest dollar) Should your company replace its year-old machine? (Select the best choice below) A. Yes, there is a profit from replacing the machine 3. No, there is a loss from replacing the machine