One year ago, your company purchased a machine used in manufacturing for $$110,000.$ You have learned that a new machine is available that offers many advantages

that you can purchase it for $$150,000$ today. The CCA rate applicable to both machines is $40\%$; neither machine will have any long$-$term salvage value. You expect that th

machine will produce earnings before interest, taxes, depreciation, and amortization $($EBITDA$)$ of $$40,000$ per year for the next $10$ years. The current machine is expecte

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 to

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

What is the NPV of replacement?

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