One year​ ago, your company purchased a machine used in manufacturing for $ 95 comma 000. You have learned that a new machine is available that offers many​ advantages; you can purchase it for $ 165 comma 000 today. It will be depreciated on a​ straight-line basis over ten years and has no salvage value. You expect that the new machine will produce a gross margin​ (revenues minus operating expenses other than​ depreciation) of $ 55 comma 000 per year for the next ten years. The current machine is expected to produce a gross margin of $ 22 comma 000 per year. The current machine is being depreciated on a​ straight-line basis over a useful life of 11​ years, and has no salvage​ value, so depreciation expense for the current machine is $ 8 comma 636 per year. The market value today of the current machine is $ 65 comma 000. Your​ company's tax rate is 40 %​, and the opportunity cost of capital for this type of equipment is 12 %. Should your company replace its​ year-old machine? Question content area bottom Part 1 The NPV of replacing the​ year-old machine is ​$    enter your response here. ​(Round to the nearest​ dollar.)