The Gelbert Instrument Corporation is considering replacing the wood stearner it currently uwes to shape guitar sides, The steacner has b years of remaining life, If hept, the steamer will have depreciation expenses of $700 for 5 years and $320 for the shath year. Its current book value is $3,820, and it can bie sold on an fiternet ouchen sitie for $4,470 at this time. If the old steamer is not replaced, it can be sold for $800 ot the end of its useful life. Gelbert is considering purchasing the Side Steamer 3000 , a higher end steamee, which costs $11,100, and has an estimated useful life of 6 years with an estimated salvige steamer is faster and allows for an output expansion, so sales would nise by $2,000 per year; the new machine's much greater elficiency would reduce aperating expenses by $1,900 per year, To support the greater sales, the new machine would repuire that inventories increase by $2,900, but accounts poyable would simeltaneedily increase by 5700. Gibbert's marginal federa-plus state tax rate is 25%. and the groject cost of capulal is 10%. What is the NPV of the project? Do not round intermediate calculations. Reaind your answer to the nearest dollac. Should it replace the ofd steamer