Free points The activities and the energies of each flow over into the other. The electric current has conveyed unchecked between the two the interchanging thoughts, but the rapid river has ever bidden halt to the foot of man. It is as though the population of these cities had been brought down to the river-side, year after year, there to be taught patience; and as though, in this Bridge, after these many years, patience had had her perfect work. The ardent merchant, the busy lawyer, the impatient traveler – all, without distinction and without exception – at the river have been told to wait. No one can compute the loss of time ensuing daily from delays at the ferries to the multitudes crossing the stream. And time is not only money – it is opportunity.

free points

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept,the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year.to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51