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One year ago, your company purchased a machine used inmanufacturing for $110,000. You have learned that a new machine isavailable that offers many advantages; you can purchase it for$150,000 today. It will be depreciated on a straight-line basisover ten years, after which it has no salvage value. You expectthat the new machine will contribute EBITDA (earnings beforeinterest, taxes, depreciation, and amortization) of $60,000 peryear for the next ten years. The current machine is expected toproduce EBITDA of $22,000 per year. The current machine is beingdepreciated on a straight-line basis over a useful life of 11years, after which it will have no salvage value, so depreciationexpense for the current machine is $10,000 per year. All otherexpenses of the two machines are identical. The market value todayof the current machine is $50,000. Your company's tax rate is 35%,and the opportunity cost of capital for this type of equipment is10%. Is it profitable to replace the year-old machine? The NPV ofthe replacement is $nothingm. (Round to the nearest dollar.)