Question 11 Pilot Plus Pens is deciding when to replace its old machine. The machine's current salvage value is GHC 2.2 million. Its current book value is GHC 1.4 million. If not sold, the old machine will require maintenance costs of GHC 845,000 at the end of the year for the next five years. Depreciation on the old machine is GHC 280,000 per year. At the end of five years, it will have a salvage value of GHC120,000 and a book value of GHC0. A replacement machine costs GHC4.3 million now and requires maintenance costs of GH 330,000 at the end of each year during its Page 5 of 33