ound to the nearest$$ dollar. One year ago, your company purchased a machine used in manufacturing for $$105,000.$ 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 $30\%$; 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 $$45,000$ per year for the next ten years. The current machine is expected to produce EBITDA of $$22,000$ 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 $35\%,$ 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.$)$