One year$$ ago, your company purchased a machine used in manufacturing for $ $100$ comma $000.$ You have learned that a new machine is available that offers many advantages and that you can purchase it for $ $170$ comma $000$ today. The CCA rate applicable to both machines is $20\%$; neither machine will have any$$ long$-$term salvage value. You expect that the new machine will produce earnings before$$ interest, taxes,$$ depreciation, and amortization$($EBITDA$)$ of $ $50$ comma $000$ per year for the next $10$ years. The current machine is expected to produce EBITDA of $ $23$ comma $000$ per year. All other expenses of the two machines are identical. The market value today of the current machine is $ $50$ comma $000.$ 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?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 and that you can purchase it for $$170,000$ 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 $$50,000$ per year for

the next $10$ years. The current machine is expected to produce EBITDA of $$23,000$ 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

$40\%,$ 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 $$.($Round to the nearest dollar.$)$