$($Time allowance: $8$ minutes$)$ This is a replace now or later problem; however, the question asked is only about one part of the analysis. Do not solve the entire problem, only the part asked below. You are facing a decision of whether to replace an old equipment at your factory. A new equipment will cost $$50$ to purchase it now and the yearly maintenance expenses will be $$27.$ The new equipment has a life of $5$ years at which time it is estimated it can be sold for $$27.$ The new equipment will be depreciated down to zero over $5$ years using straight$-$line depreciation. If the new equipment is purchased, the old equipment can be sold today for $$41.$ However, if the old equipment is not replaced today, it will continue to be depreciated down to zero using straight$-$line method over its remaining $4$ years. The remaining book value today of the old equipment is $$24.$ It is estimated that the old equipment can be sold for $$22$ in one year $($at the end year $1).$ The pre$-$tax maintenance cost $($expenses$)$ per year for the old equipment will be $$13.$ Assume that the discount rate is $14\%$ and the tax rate is $20\%.$

For your answer, round to nearest dollar and do not use the dollar $($$$)$ sign; do not enter decimals. If the cash flow is negative, enter the negative sign $(-)$ in front of the first cligit. For example if your answer is $-$$$12\mathrm{.}534$ then enter $-13$ ; if answer is $$23\mathrm{.}7459$ then enter $24$ ; if the answer is $-$$$40$ then enter $-40$

The OCF $($at the end of year $1)$ for the replace $1-$year later decision is