Machine #2356 is 4 years old. When purchased it cost $65,000. Straight line depretiation with zero salvage and a 5 year life has been used. This machine has a cash operating costs of $47500 per year. It is now thought that this machine will last another 4 years with a $20,00 salvage in 4 years. Current market value is $3200 The taxes are 45% ordinary income and 20% on capital gain income. If the machine is kept, what will the annual equivalent revenues need to be for MARR is 15%?

The correct answer should be 55,000. I keep geting 49,000 as my final answer.