This answer is incorrect please help

Although the Chen Company's miling machine is old, it is still in relatively good working order and would last for another 10 years. It is inefficient compared to modem standards, though, and so the company is considering replacing i. The new milling machine, at a cost of $110,000 dellvered and installed, would also last for 10 years and would produce after-tax cash flows (labor savings and depreciation tax savings) of $18,300 per year, It would have zero salvage value at the end of its life. The project cost of capital is 12%, and its marginal tax rate is 25%. Should Chen buy the new machine? Do not round intermediate calculationsi. Reund your answer to the nearest cent. Negative value, if any, should be indicated by a minus sign. NPVI 5 Qhen purchase the new machine