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One year ago, your company purchased a machine used in manufacturing for $$1,00,000.$ You have learned that a new machine is available that offers many advantages and that you can purchase it for $$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 $$55,000$ per year for the next $10$ years. The current machine is expected to produce EBITDA of $$20,000$ 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 $42\%,$ 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.$)$