Problem 11.041 Replacement Value With the estimates shown below, Sarah needs to determine the trade-in (replacement) value of machine X that will render its AW equal to that of machine Y at an interest rate of 9% per year. Determine the replacement value. Machine X Market Value, $ Annual Cost, $ per Year Salvage Value -59,000 18,500 3 Machine Y 89,000 40,000 for year 1,increasing by 2000 per year thereafter 23,000 5 Life, Years The replacement value is $