Machine replacement decisior A company is considering replacing an old piece of machinery, which cost $600,000 and has $350,000 af accumulated depreciation to date, with a new machine that has a purchase price of $545,000. The old machine could be sold for $231,000. The annual variable production costs associated with the old machine are estimated to be $61,000 per year for eght years. The annu variable production costs for the new machine are estimated to be $19,000 per year for elght years Required: A. Prepare agfferential analrsis dated September 13 to determine whether to continue with (Alternative 1) or replace (Altenative 2) the old machine. B. uetermine whether the company should continue with (Alternative 1) or replace (Alternative 2) the old machine C. What is the sunk cost in this situation