The Gibert Instrument Corporation is considering replacing the wood steamer it currently uses to shape guitar sides. The steamer has 6 years of remaining life. If kept, the steamer will have depreciation expenses of $600 for 5 years and 5320 ror the sixth year: Its eurrent book value is $3,320, and it can be sold on an Internet auction site for $3,840 at this time. If the old steamer is not replaced, it can be sold for $800 at the end of its useful life. Gilbert is considering purchasing the Side Steamer 3000, a higher-end steamer, which costs 511,100 , and has an estimated useful life of 6 years with an estimated salvage value of $1,400. This steamer falis into the MACRS 5 -years class, so the applicabie depreciation rates are 20.00%,32.00%,19.20%,11.52%,11.52%, and 5.76%. The new steamer is faster and allows for an output expansion, so sales would rise by $2,000 per year; the new machine's much greater efficiency would reduce operating expenses by $1,800 per year. To support the greater sales, the new machine would require that inventorias increase by $2,900, but accounts payable would simultaneously increase by $700. Gilbert's marginal federal-plus-state tax rate is 40%, and the project cost of capital is 14%. What is the NPV of the profect? Do not round intermedlate calculations. Round your anwer to the nearest dollar: s. Should it replace the old steamen? The old steamer be replaced