The Oviedo Company is considering the purchase of a new machine to replace an obsolete one. The machine being used for the operation has a book value and a market value of zero. However, the machine is in good working order and will last at least another $10$ years. The proposed replacement machine will perform the operation so much more efficiently that Oviedos engineers estimate that it will produce after$-$tax cash flows $($labor savings$)$ of $$8,000$ per year. The after$-$tax cost of the new machine is $$45,000,$ and its economic life is estimated to be $10$ years. It has zero salvage value. The firms cost of capital is $10\%,$ and its marginal tax rate is $25\%.$ Should Oviedo buy the new machine?