Problem 8-36 Replacement Decision (L05) You are operating an old machine that is expected to produce a cash Inflow of $6,000 in each of the next 3 years before it falls. You can replace it now with a new machine that costs $21,000 but is much more efficient and will provide a cash flow of $11.500 a year for 4 years. Calculate the equivalent annual cost of the new machine if the discount rate is 15%. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Equivalent annual cost of the purchase price 888.43 Should you replace your equipment now? Yes O No