Replace machine: Woods, Inc. is considering replacing a machine. The following data are available: Old Machine $45,000 Replacement Machine $35,000 10 Original cost Useful life in years Current age in years Book value Disposal value now Disposal value in 5 years Annual cash operating costs $25,000 $8,000 $7,000 $4,000 Required: a. Which of the data provided in the table is a sunk cost? b. The difference between keeping the old machine and replacing the old machine is:_(prepare table) c. What should they do? What is the impact on Net Income