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One year ago, your company purchased a machine used in manufacturing for $90,000. You have owned that a new machine is available for many advantages and you can purchase for $170.000 today it w be depreciated on a straighine basis over 10 years and has no salvage value. You expect that the new machine will produce a gross margin (revenues minus cering expenses other than depreciation of 540.000 per year for the next 10 years. The current machine is expected to product a gross margin of $21.000 per year. The current machine is being deprecated on a straight-ine basis over a useful life of 11 years and has no salvage value, so depreciation expense for the current machine is 58,182 per year The market value today of the current machine la 556.000. Your company's tax rate is 15%, and the opportunity cost of capital for this type of equipments 11%. Should your company replace its year-old machine? The NPV of replacing the year old machines | Roond to the nearest dotar) One year ago your company purchased a machine used in manufacturing for $90,000. You have learned that a new machine is available that offers many advantages and you can purchase for $170,000 today, it wil be depreciated on a straightine baskt over 10 years and has no salvage value You expect that the new machine will produce a gross margin revenues minus operating expenses other than depreciation of $40,000 per year for the next 10 years. The current machine is expected to produce a gross margin of $21,000 per year. The current machine is being depreciated on a straight line basis over a useful life of 11 years, and has no salvage, so depreciation expense for the current machine is $0,182 per year. The market value today of the current machine is 556,000. Your company's tax rates 45% and the opportunity cost of capital for this type of equipment is 11%. Should your company replace its year-old machine? The NPV of placing the year-old machine is 5 (Round to the nearest dolar)