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 manyadvantages;you can purchase it for

$150,000today. It will be depreciated on a straight-linebasis over ten years,after which it has no salvage value. You expect that the new machine will contribute EBITDA (earningsbefore interest,taxes, depreciation,and amortization)of $50,000per year for the next ten years. The current machine is expected to produce EBITDA of $21,000per year. The current machine is being depreciated on a straight-linebasis over a useful life of 11 years,after which it will have no salvage value,so depreciation expense for the current machine is $10,000per year. All other expenses of the two machines are identical. The market value today of the current machine is $50,000. Your company'stax rate is 40%,

and the opportunity cost of capital for this type of equipment is 11%. Is it profitable to replace the year-oldmachine?

The NPV of the replacement is $?(Roundto the nearest dollar.)