show all calculations and procedure

Question 3 Chuck Company has a factory machine with a book value of $157,000 and a remaining usehold of 4 years. A new machine is able at a cost of $25.500. This machine salvage value. The new machine will lower annual variable manufacturing costs from $504,000 to $507,000. Prepare an analysis that shows whether Chudrick should retain or replace the old machine. (If an amount reduces the net income the enter with a negative si prending the e.g. - 15,000. (15,000)) years with b r anches Net Income Keep Replace Equipment Equipment (Decrease) Variable costs New machine cost The old factory machine should be