X Company is considering replacing one of its machines in order to save operating costs. Operating costs with the current machine are $61,000 per year; operating costs with the new machine are expected to be $47,000 per year. The new machine will cost $69,000 and will last for 4 years, at which time it can be sold for $3,500. The current machine will also last for 4 more years but will have zero salvage value. Its current disposal value is $5,000. Assuming a discount rate of 8%, what is the net present value of replacing the current machine? [Note: For the capital budgeting questions, use the Present Value tables in the Coursepack or with the link after the last exam question.] B: OA: OC: $-6,401 $-8,513 $-11,323 Submit Answer Tries 0/99 D: $-15,060 E: $-20,029 F: $-26,639