A company is considering replacing an existing machine with a new machine. Based on the information below, should the company keep or replace the existing machine? $ 75,000 $ 8,000 Existing Machine Book value Variable manufacturing costs per year Salvage value Selling price Remaining useful life New Machine $ 35,000 Purchase price $ 10,000 Variable manufacturing costs per year $ 0 $ 40,000 2 years Useful life 5 years Keep the existing machine because the new machine will decrease overall income by $55,000. Keep the existing machine because the new machine will increase overall income by $55,000. Replace the existing machine because the new machine will decrease overall income by $55,000. Replace the existing machine because the new machine will increase overall income by $55,000