Facing stiff competition, hendrix college, a small liberal arts institution in conway, ark., decided two years ago to bolster its academic offerings, promising students at least three hands-on experiences outside the classroom, including research, internships and service projects. although it raised tuition and fees by 29 percent, enrollment in the freshman class rose by 37 percent. (source: jonathan d. glater and alan finder, "in new twist on tuition game, popularity rises with the price," new york times, december 12, 2006) based on the information above, the demand for hendrix college education is

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine