One year ago, your company purchased a machine used in manufacturing for $$120,000.$ You have learned that a new machine is available that offers many advantages and that you can purchase it for

$$140,000$ today. The CCA rate applicable to both machines is $40\%$; 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 $$50,000$ per year for the next $10$ years. The current machine is expected to produce EBITDA of $$24,000$ 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 $45\%,$ and the opportunity cost of capital for this type of equipment is $11\%.$ Should your company replace

its year$-$old machine?

What is the NPV of replacement?

The NPV of replacement is $

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