Robert Company is considering replacing a machine that is presently used in the production of its product.The following data are available:

Replacement

Old MachineMachine

Original cost$57,000$35,000

Useful life in years175

Current age in years120

Book value$39,000

Disposal value now$8,000

Disposal value in 5 years00

Annual cash operating costs$7,000$4,000

The difference in cost between keeping the old machine and replacing the old machine, ignoring income taxes, is _____the old machine.

Group of answer choices

$22,000 in favor of keeping

$12,000 in favor of keeping

$37,000 in favor of replacing

$22,000 in favor of replacing