Eignment: Chapter 12 - EOC Questions (CNOW) Antigamento Same SubmitAssignment for Grading estions Problem 12.11 (Replacement Analysis) Questi toft Check My Work Camining) eBook St. Johns River Shipyards is considering the replacement of an 8-year-old riveting machine with a new one that will increase earnings before depreciation from $27.000 to $54,000 per year. The new machine will cost $82.500, and it will have an estimated life of 8 years and no salvage value. The new veting machine is eligible for 100% bonus depreciation at the time of purchase. The applicable corporate tax rate is 25%, and the firm's WACC 10%. The old machine has been fully deprecated and has no salvage value What is the NPV of the project? Negative value, if any, should be indicated by a minus sign. Round your answer to the nearest cant. 5 A-Z Should the old riveting machine be replaced by the new one? Check My Werk (retaining)