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Mona's Monograms is considering whether to purchase a new monogramming machine

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Mona's Monograms is considering whether to purchase a new monogramming machine. Mona calculates that its current machine generates $8,000 of cash flow per year. A new machine would cost $25,000 and would provide cash flow of $12,000 per year for seven years. What is the equivalent annual cash flow for the new machine (Do not round intermediate calculations and round your final answer to the nearest dollar), and should Mona purchase the new machine? Assume the cost of capital for Mona is 10 percent.