Im not sure if I got the correct answer as my NPV is $211,116.96, indicating that this is a good recommendation to replace the old machine with the new

I was wondering if someone could help me confirm this or show me how to do the process correctly if I missed anything

I did this through excel so I hope someone can show me through excel as well

Thank you

De Young Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $450.000 and a remaining useful life of 5 years. The current machine would be worn-out and worthless in 5 years, but DeYoung can sell it now to a Halloween mask manufacturer for $135,000. The old machine is being depreciated by $90,000 per year for each year of its remaining life. If De Young doesn't replace the old machine, it will have no salvage value at the end of its useful life. The new machine has a purchase price of $775,000, an estimated useful life and MACRS class life of 5 years and an estimated salvage value of $105,000. The applicable depreciation rates ate 20%, 32%, 11.52%, 11.52% and 5.76%. Being highly efficient, it is expected to economize on electric power usage, labor and repair costs and most importantly, to reduce the number of defective chickens. In total, an annual savings of $185,000 will be realized if the new machine is installed. The company's marginal tax rate is 25% and the project's cost of capital is 12%. As a financial analyst, would you recommend the replacement of the old machine with the new machine