Question: 3 A forklift will last for only 8 more years. It costs $6,000 a year to maintain. For $29,000 you can buy a new lift

3 A forklift will last for only 8 more years. It costs $6,000 a year to maintain. For $29,000 you can buy a new lift that can last for 11 years and should require maintenance costs of only $2.000 a year. Your colleague believes that if the discount rate is 3.5% per year, you should replace the forklift. If you agree with her, please enter 1. Otherwise enter 2

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