Replacement Analysis The Gibert Instrument Corporation is considering replacing the wood steamer it ciarrently uses to shape guitar sides. The steamer has 6 years of remairing life. If kept, the steamer will have depredation experses of $760 for 5 years and $350 for the sikth yeac. Its current book value is $3,850, and it can be sold on an Intemet auction site for $4,540 at this time. If the old steamer is not replaced, it can be sold for 3800 at the end of its useful life. Gibert is considering purchasing the Side 5 teamer 3000 , a higherend steamer, which costs $12,200 and has an estimated useful life of 6 years with an estimeted salvage value of $1,200. This steamer falls into the MACRS 5 -years ciass, so the applicabie depreciaton rates are 20.0045, 32.00%, 19.20 ay, 11.52%,11.52%, and 5.76%. The new steamer is faster and allows for an output expansion, so sales would rise by 52.000 per year; the new machine's much Greater effidency would reduce operating expenses by $1,600 per year. To support the greater sates, the new machine would require that inventories increase by 32,900 , but accounts payable woild slautaneouty increase by $700. Gibert's marginal federal-plus state tax rate is 25\%, and the project cost of capital is 114 What is the NON of the project? Do not round intermed ate calculations; found your answer to the nearest dollar. 3. Shosid it replace the old steamer? The old steamer be reclaced