The Gilbert Instrument Corporation is considering replacing the wood steamer it currently uses to shape guitar sides. The steamer has 6 years of remainirg life. If kept, the steamer will have depreciation expenses of $650 for 5 years and $325 for the sixth yeat, Its current book value is $3,575, and it can be sold on an Internet auction site for $4,150 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 $14,000, and has an estimated usefut life of 6 years with an estimated salvage value of $1,400. This steamer falls into the MAcRS 5-years class, so the applicable depreciation rates are 20.00% - 32.00%,1920 Why 11.52%,11.52%, and 5.76%. The new steamer is faster and would allow for an output expansion, to sales would rise by $2,000 per year; even so, the new machine's much greater efficiency would reduce operating expenses by $1,400 per year, To support the greater sales, the new machine wauld require that inventories increase by $2,900, but accounts poyable would simultaneousy increase by $700, Gibert's marginal federal-plus satate tax rate is 40 . and its WACC is 15% The data has been collected in the Microsoft Excel Oriline file below. Open the spresdsheet and perform the reculied analysis to answer the questions belicw. Open spreadshet. Should it, repiace the old steamee? The old steamer be replaced. What is the foy of the project? Do not round intermediate calculstions, Round your answer to the nearest dotler