Replacement Analysis The Gibert Instrument Corporation is considering replacing the wood steamer it currently uses to shape gutar sides. The steamer has 6 years of remaining it. I apt, the steamer will have depreciation expenses of $550 for 5 years and 30s for the sixth year. Its current book value $3,055, and it can be sold on an internet suction site for $3,635 at this time. If the old steamer is not replaced, it can be sold for $800 at the end of its useful ife. Gilbert is considering purchasing the side Steamer 3000, a higher and steamer, which conts $11,100, and has an estimates We of 6 years with an estimated salvage value of $1,600. This steamer falls into the MACRS 5-years dess, so the applicable depreciation rates are 20.00% 32.00 19.204, 115, 11.52% and 5.76%. The new steamer fouter and allows for an output expansion, no sales would by $2,000 per year, the new machine's much greater cancy would reduce operating expenses by $1,900 per year To support the greater sales, the new machine would require that inventories increase by $2,900, but accounts payable would simultaneously increase by $700.bet's marginal federal-plus-state tax rate is 40%, and the project cost of capital is 15 What is the NPV of the project? Dorot round intermediate calculations. Round your answer to the nearest delta, Should it replace the old steamer? The old steamer should be replaced