A polyester powder plant power has a cyclone separation system that is beginning to look like it may not meet upcoming OSHA safety and operational standards. The system is under consideration for replacement for a 5-year project horizon. The existing separation system has a value in the market of about \($5,500.\) If the system is kept in service, it is anticipated to have annual operating and maintenance costs of over \($7,200,\) with zero market value at the end of the project horizon. A new system is expected to cost \($18,000,\) will have operating and maintenance costs of \($4,250,\) and will have a market value of \($8,600\) at the end of the planning horizon. Determine the preferred alternative. Assume the company MARR is 18% (before taxes).