Question 16 2 pts Coiner Clothes Inc is considering the replacement of its old, fully depreciated knitting machine. Two new models are available: a) Machine 200-3, which has a cost of spoo.000. a 3-year expected life, and after tax cash flows (labor wings and depreciation of $90,000 per year, and (b) Machine 380-6, which has a cost of $375.000.5 6-year life, and after tax cash flows of $100.000 per year. Assume that both projects can be repeated, Knitting machine prices are not expected to rise because Inflation will be offset by cheaper components (microprocessors used in the machines. Assume that Coiners WACC is 14% What is the extended NPV using the replacement chain approach of the project that should be selected? $14,986 54.139 $13,867 $8.947 $3,566