Please answer this question. I have a final attempt for this question. please do it correctly. i will put the

Machine Replacement Decision A company is considering replacing an old piece of machinery, which cost $600,000 and has $353,000 of accumulated depreciation to date, with a new machine that has a purchase price of $486,200. The old machine could be sold for $61,200. The annual variable production costs associated with the old machine are estimated to be $158,200 per year for 8 years. The annual variable production costs for the new machine are estimated to be $99,500 per year for 8 years. a.1 Prepare a differential analysis dated December 10 to determine whether to continue with (Alternative 1 ) or replace (Alternative 2 ) the old machine. If an amount is zero, enter "0". If required, use a minus sign to indicate a loss. a.2 Determine whether to continue with (Alternative 1) or replace (Alternative 2) the old machine. Feedback - Check My Work Compare the differential revenues and differential costs of continuing vs. replacing. Which one has the greatest positive differential effect on income? b. What is the sunk cost in this situation? The sunk cost is