WILL GIVE GREAT RATING IF DONE SOON

The Gilbert Instrument Corporation is considering replacing the wood steamer it currently uses to shape guitar sides. The steamer has 6 years of remaining estimated salvage value of $1,100. This steamer falls into the MACRS 5-years class, so the applicable depreciation rates 20.00%, 32.00%, 19.20%, that inventories increase by $2,900, but accounts payable would simultaneously increase by $700. Gilbert's marginal federal-ple 40%, and its WACC is 13%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet Should it replace the old steamer? The old steamer be replaced. What is the NPV of the project? Do not round intermediate calculations. Round your answer to the nearest dollar. Old Equipment: Depreciation expense, Years 1 to 5 Depreciation expense, Year 6 Current book value New Equipment: Estimated useful life (in years) Purchase price Salvage value, Year 6 Annual sales increase Annual reduction in operating expen Initial increase in inventories Initial increase in accounts payable The Gilbert Instrument Corporation is considering replacing the wood steamer it currently uses to shape guitar sides. The steamer has 6 years of remaining estimated salvage value of $1,100. This steamer falls into the MACRS 5-years class, so the applicable depreciation rates 20.00%, 32.00%, 19.20%, that inventories increase by $2,900, but accounts payable would simultaneously increase by $700. Gilbert's marginal federal-ple 40%, and its WACC is 13%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet Should it replace the old steamer? The old steamer be replaced. What is the NPV of the project? Do not round intermediate calculations. Round your answer to the nearest dollar. Old Equipment: Depreciation expense, Years 1 to 5 Depreciation expense, Year 6 Current book value New Equipment: Estimated useful life (in years) Purchase price Salvage value, Year 6 Annual sales increase Annual reduction in operating expen Initial increase in inventories Initial increase in accounts payable