"eople Question 14 pom scussions Eignments des 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 $22,000 to $56,000 per year. The new machine will cost $100,000, and it will have an estimated life of 8 years and no salvage value. The new machine will be depreciated over its 5-year MACRS recovery period, so the applicable depreciation rates are 20%, 32%, 19%, 12%. 11%, and 6%. The applicable corporate tax rate is 35%, and the firm's WACC is 10%. The old machine has been fully depreciated and has no salvage value. What is the replacement project's NPV? orlock nase Course Fials nalytics 50,033 44,963 55,394 61,067 67,076 PPAN