One year ago, your company purchased a machine used in manufacturing for $115000 . You have learned that a new machine is available that offers many advantages and that you can purchase it for $140000 today. The CCA rate applicable to both machines is 20% ; 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 $50000 per year for the next 10 years. The current machine is expected to produce EBITDA of $25000 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 40%, and the opportunity cost of capital for this type of equipment is 12% . Should your company replace its year-old machine?

What is the NPV of replacement?

The NPV of replacement is $ ____ (Round to the nearest dollar.)