One year ago, your company purchased a machine used in manufacturing for $$95,000.$ You have learned that a new machine is available that offers many advantages and you can purchase it for

$$170,000$ today. It will be depreciated on a straight$-$line basis over $10$ 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 $$50,000$ per year for the next $10$ years. The current machine is expected to produce a gross margin of $$21,000$ per year. The current machine is being

depreciated on a straight$-$line basis over a useful life of $11$ years, and has no salvage value, so depreciation expense for the current machine is $$8,636$ per year. The market value today of the current

machine is $$55,000.$ Your company's tax rate is $35\%,$ and the opportunity cost of capital for this type of equipment is $10\%.$ Should your company replace its year$-$old machine?

The NPV of replacing the year$-$old machine is $$,($Round to the nearest dollar.$)$