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The old machine was purchased three years ago for $ 3 0 9 , 0 0 0 and has a current Doo $ 1 7

The old machine was purchased three years ago for $309,000 and has a current Doo $178,000.
The old machine incurs operating expenses of $35,000 per year.
The current disposal value of the old machine is $71,000; if it is kept nine more years, its remaining value would be $10,000.
The replacement machine would cost $220,000 and have a useful life of nine years.
The replacement machine has an expected salvage value of $60,000 after nine years.
The replacement machin would require $11,000 per year in operating expenses.
Required
Calculate the total costs in keeping the old machine and purchase a new machine. Should the old machine be replaced?
\table[[,\table[[Keep Old],[Machine]],\table[[Purchase New],[Machine]]],[Total costs,,],[Should the old machine be replaced?,,]]
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