$t=8.$ $$200\mathrm{.}000($at year $0)$ and four mote yeirs of depreciabion lett $($$$50\mathrm{.}009$ per par$).$ value $($at velar $0)$ of $$300,000.$ end of the perpect's life $($yener s$).$

The new machine is more eflicient, se the frels incremental eumings before inderent and tases $[$fert$)$ mallinorease by a total of conts $($including dep$-$ediation expense$)$ beneribed unling the new equipment and thut ewroed uning the eld equlponent.

The project's coet of capital is $13$ N $.$

The cempani's annual tas rate it $2516.$The net present walue $($NPV$)$ of this replacement project is:

$-$$$3,779,313$

$-34,283,221$

$-$$$5,039,084$

$-$$$6,046,901$