Required: Prepare a net-present-value analysis of Randi's replacement decision, assuming an 8% hurdle rate and no income taxes. Should the machinery be acquired? Note: Cash outflows or any amount to be deducted should be entered with a minus sign as a negative number. Round answers to the nearest dollar. Randi Corporation is considering the replacement of some machinery that has zero book value and a current market value of $4,800. One possible alternative is to invest in new machinery that costs $32,000. The new equipment has a four-year service life and an estimated salvage value of $5,500, will produce annual cash operating savings of $11,400, and will require a $4,200 overhaul in year 3 . The company uses straight-line depreciation. Required: Prepare a net-present-value analysis of Randi's replacement decision, assuming an 8% hurdle rate and no income taxes. Should the machinery be acquired? Note: Cash outflows or any amount to be deducted should be entered with a minus sign as a negative number. Round answers to the nearest dollar