Sweet Wave Bakery has a machine that is continuing to break down and requires constant maintenance. The operations manager is estimating that thi machine has only 2 more years of life. The machine produces an average of 50 units per day at a cost of $6.50 per unit. The bakery is considering replacing this machine with a similar machine. The new machine would cost $55,000 with a 2 year life but could produce twice the production of the existing machine. The units sell for $8.50. Sweet Wave operates the line with this machine 260 days each year. The sales are equal to production on this line. Instructions: Given the information above, what are the consequences of Sweet Wave replacing the maching that is slowing down production because of breakdowns? Revenues (Retain): Sell price x units per day x260 days x2 years Production Costs (Retain): Cost per unit x units per day x260 days 2 years Revenues (Replace): Sell price x Units per day (x2) x 260 days x2 years Production Costs (Replace): Cost per unit x Units per day (x2) x 260 days x 2 years Type your response with no commas. For negative responses, please use "-" before the number. Retain Machine Revenues Production costs New machine cost Total Replace Machine Retain Replace Machine Machine Profits from machine for 2 years Cost of new machine Net Income Increase(Decrease) Income Change