Please solve it complete

2. (6 points) Randi Corp. is considering the replacement of some machinery that has zero book value and a current market value of $3,800. One possible alternative is to invest in new machinery that costs $31,000. The new equipment has a four-year service life and an estimated salvage value of $4,500, will produce annual cash operating savings of $10,400, and will require a $3,200 overhaul in year 3. The company uses straight-line depreciation. 8% Year 1 2 3 AWN FV of $1 at FV of an ordinary annuity at 8% 8% 1.080 1.000 1.166 2.080 1.260 3.246 1.360 4.506 1.469 5.867 1.587 7.336 PV of $1 at PV of an ordinary annuity at 8% 0.926 0.926 0.857 1.783 0.794 2.577 0.735 3.312 0.681 3.993 0.630 4.623 5 6 Required: Prepare a net-present-value analysis of Randi's replacement decision, assuming a(n) 8% hurdle rate and no income taxes. Should the machinery be acquired? (Negative amounts should be indicated by a minus sign. Round your final answers to the nearest dollar.)