With the estimates shown below, Sarah needs to determine the trade-in (replacement) value of machine X that will render its AW equal to that of machine Y at an interest rate of 8% per year. Determine the replacement value. Machine X Market Value, $ Machine Y 88,000 -40,000 for year 1, increasing by 2000 per year thereafter. 20,000 Annual Cost, $ per year Salvage Value Life, Years -64,000 15,500 3 The replacement value is $