(10 points) A company is considering replacing an existing machine with a more modem one. Here are some of the details: Old Machine New Machine The tax rate is 40%. Assume straight-line Purchase Price $1,000,000 7 years ago) $1.500.000 depreciation and a RRR of 10%. Assume Market Value $200.000 $1.500,000 the salvage value of the investment is Book Value $300,000 $1,500,000 equal to zero when calculating the Salvage Value SO (3 vears from now) $100.000 (10 vears from now) depreciation charge. Find the NPV associated with the project Age 7 0 Original Life 10 10 Yearly capacity 55.000 units 90.000 units Sales Price $7/unit $7/units Yearly expenses $100.000 $90,000 Training expenses Inventory not applicable $55.000 $30,000 $75.000