The washington post is considering replacing an existing press with a more efficient press. The new press cost $55000 and requires $5000 in installation costs. The old press was purchased 9 years ago for an installed cost of $45000 and can be sold for $20000 net of any removal costs today. Both presses are depreciated under the MACRS 5 year recovery schedule. The firm has a 35% marginal tax rate. The new press requires $5000 less in inventory kept on handing during the project and will reduce expenses by $19000 in each year(not cumulative) of operation,with no change to expected revenues. Both presses could operate for 3 more years before needing to be replaced, in 3 years neither press will have any salvage value and the newspaper expects tp stop all print publication due to increased internet usage at that time. If the firms WACC is 11% should they replace the press.