Assignment: Chapter 12 - EOC Questions (CNOW) Tools Anco Submissigt for Grading Sant Questions Problem 12.11 (Replacement Analysis). 1. o 2 Check My Work (min. Book 5 6 St. Johns River Shipyards is considering the replacement of an 8-year-old riveting machine with a new one that will increase canings before depredation from $30,000 to $46,000 per year. The new machine will cost $90,000, and it will have an estimated life of 8 years and no salvage value. The new riveting made ligible for 100% bonus depreciation at the time of purchase. The applicable corporate tax rate is 25, and mets WACCE 14% The old machine has been fully deprecated and has no salvage value what is the NPV of the project? Negative walue, if any, should be indicated by a minus sign. Hound your answer to the nearest cent 17 8 9 Should the old riveting machine be replaced by the new one? 10 Yes NO 11 Check My Work 2 remain or con los A 32.663 O