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** *Answer only if you are sure about the correct answer: Alliance Manufacmng Company is considering the purchase of a new automated drill press to replaoe an older one. The machine new in operaon has a book value of zero and a salvage value of zero. Howeven it is in good working condition with an expected life of 10 additional Years-111E new drill press is more eident than die existing one and, lfinstailed, will provide an estimated cost savings (in labor, materials, and maintenance} of $12,000 Der year. The newI machine costs 550.000 delivered and installed. It has an esiimated useful life of 10 1rears and a salvage value of $2.00!] at the end of this period. The nTI's cost ofcapital is 1-1 percent,| and its marginal income tax rate is 40 percent. The rm uses the straight-line depreciation method. Complete the foliamhg {atria to commute the net present value (NPV) th're invasbnent. (Hint: Rememher Hist} in Year 10, Alliances also receives the salvage value of one machine.) Cash Flow Present value (W1 yea.- rs) W Interest Factor at 14% ($1 0 |: 1.00000 1 |s 0.0319 _v 2 |s 0.?094? v 3 |s 0.5749? _v 4 |: 0.59200 V 5 i: 0.5193? 7 5 |s 0.45559 _v 3' |s 0.39904 _v a |5 0.35050 _v 9 |: 0.30051 7 10 |5 0.25914 v Net Present liii-Ilse 7 Should Alliance replace its existing drill press? \"35'0\" $1,383 0 N0 0 Yes $30,000