Problem 6-33 Replacement decisions You are operating an old machine that is expected to produce a cash inflow of $6,600 in each of the next three years before it falls. You can replace it now with a new machine that costs $36,000 but is much more efficient and will provide a cash flow of $18,000 0 year for four years. Should you replace your equipment now? The discount rate is 15% Replace now Replace later