Please explain step by step in detail. Hand calculations would be prefered please do not use excel functions!

An automobile company currently owns an assembly machine which has a present market value (MV) of $100,000. Estimates of the assembly machine's operating and maintenance (O&M) expenses and MV at the end of each of the remaining two years of its useful life are in the following table: End of year, k O & M Expenses Market Value 1 2 $30,000 $40,000 $90,000 $75,000 00 si The firm is considering a new assembly machine to replace the one presently owned. The new machine's purchase price is $250,000 and its estimated O&M and MV for each of the next three years of the study period are in the following table. End of year, k O & M Expenses Market Value 1 2 $15,000 $25,000 $230,000 $200,000 If the MARR = 10% per year, should the new assembly machine be purchased? If so, when