One year ago, your company purchased a machine used in manufacturing for $$115,000.$ 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 $40\%$; 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 $$21,000$ 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 $42\%,$ 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 $$.($Round to the nearest dollar.$)$