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 $$140,000$ 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 $$55,000$ per year for the next $10$ years. The current machine is expected to produce EBITDA of $$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 $11\%.$ Should your

company replace its year$-$old machine?

What is the NPV of replacement?

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