Assume that monsanto corporation is considering the replacement of some of its older and outdated carpet-manufacturing equipment. its objective is to improve the efficiency of operations in terms of both speed and reduction in the number of defects. the company’s finance department has compiled pertinent data that will allow it to conduct a marginal cost–benefit analysis for the proposed equipment replacement. the cash outlay for new equipment would be approximately $600,000. the net book value of the old equipment and its potential net selling price add up to $250,000. the total benefits from the new equipment (measured in today’s dollars) would be $900,000. the benefits of the old equipment over a similar period of time (measured in today’s dollars) would be $300,000 what is the net benefit from the purchase of proposed new equipment replacement based upon a marginal cost/benefit analysis?