The company "E-207" is considering the purchase of a new machine, on purpose replacement of an old machine that has a book value of $ 3,000 and can be sold currently on the market for $ 1,500. The old machine is depreciating according to the linear depreciation with $1,500 a year and the value that can be recovered from it after three years is hoped to be $1,000. The new machine has a 3-year life, costs $ 14,000 and can be sold for a value $ 2,000 at the end of the third year. The new machine will be depreciated according to MACRS (33%, 45%, 15% and 7%). Assume that the tax rate is 20% and the firm's capital cost is 16%. Find The NPV of the project. What is the decision that the company has to a make