8. A company is considering replacing a paint booth system with a newer one that is less expensive to maintain and will increase quality levels of the final product. The current system was purchased five years ago for $25,000. Although it has at least a five year life remaining, it can be sold now for $200. The old system requires $4000 per year in maintenance costs and produces scrap at a rate of $4000 per year. It will have no salvage value after five more years of operation. The new machine costs $30,000, will require only $2000 in yearly maintenance costs and will produce scrap at a rate of $3000 per year. The new machine will have a salvage value of $3000 in five years. Should the company purchase the new system or continue with the old system? Assume a 5 year remaining life of the product and an internal rate of return (or MARR, minimum attractive rate of return) of 18%2 [6 points] A. PW cost of keeping old system (defender): correct answer tolerance is+ $10 B. PW cost of purchasing new system (challenger) correct answer tolerance ist $100 C. Should the company purchase the new system? Yes/No