Twelve months ago, your company invested $220,000 in a specialized software system for date processing. A new and advanced software solution is not available for purchase at $300,000. The new software is expected to provide enhanced feature and efficiency. It will be amortized over 10 years, with no residual value anticipated. Projections indicate that the new software will generate an annual EBITDA of $80,000 over the next decade. The existing software, amortized over 11 years with no residual value, currently generate EBITDA of $50,000 per year. Annual amortization for the existing software is $20,000. All other operational expenses for both software solutions remain constant. The market value of the current software is estimated at $150,000. Given a tax rate of 40% and a cost of capital at 10%, assess the profitability of purchasing the new software?