Question $9$ of $10$ View Policies Current Attempt in Progress Variable costs $<$ Pharoah Company has a factory machine with a book value of $$169,000$ and a remaining useful life of $6$ years. A new machine is available at a cost of $$246,500.$ This machine will have a $6-$year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $$595,000$ to $$495\mathrm{.}000.$ New machine cost Prepare an analysis that shows whether Pharoah should retain or replace the old machine. $($If an amount reduces the net income then enter with a negative sign preceding the number or parenthesis, e$.$g$.-15,000,(15,000).)$ $ $ Keep Equipment The old factory machine should be $69$ $ $ Replace Equipment $-/169$ III Net Income Increase $($Decrease$)$