One year ago, a manufacturer paid $3,000 for a stamping

One year ago, a manufacturer paid $3,000 for a stamping press that can produce only a particular plastic specialty product. The press now has a market value of $2,500 and is expected to continue to lose $500 of its market value each year. If the press were sold, assume that the manufacturer would earn 5 percent annual interest on the proceeds of the sale. The manufacturer is now considering changing this plastic specialty product’s price for the coming year. If the manufacturer’s pricing decision will affect whether or not this stamping press is retained by the company, what cost associated with the stamping press is relevant to this decision? Explain your answer.