The Gilbert Instrument Corporation is considering replacing the wood steamer it currently uses to sthape guitar sides, The steamer has 6 years of ramaining life. If kept, the steamer will have dopreciation expenses of $500 for 5 years and $345 for the slxth year. Its current book value is 53,345 , and it can be sold on an Internet auction ste for $3,925 at this time. If the oid steamer is not replaced, it can be sold for 5600 ot the end of its useful iffe. Gilbert is considering purchasing the Side Stesmer 3000 , a higher-end steamer, which costs $11,000, and has an estimated useful life of 6 years with an -estimated salvege volue of 51,500 . This steamer falls into the MACRS 5 -years class, so the applicable depreciation rates are 20.00%, 32.0095,19.2056, 11.529,11.52%, and 5.76%. The new steamer is faster and allows for an output expansion, so sales would rise by s2,000 per year; the new machine' much greater effclency would reduce operating expenses by $1,400 per yeat. To support the greater sales, the new machine would require that inventories increase by $2,900, but accounts payoble would simultaneougly increase by $700. Gibert's marginal federal-plussutate tax rate is 40%, and the project cost of cepital is 1Al4h What is the NPV of the project? Do not round intermediate calculatons. Round your answer to the nearest dollar. Should it replace the old steamnr? The did steamet be rentaced