A forklift will last for only $2$ more years. It costs $$5,000$ a year to maintain. For $$20,000$ you can buy a new

lift that can last for $10$ years and should require maintenance costs of only $$2,000$ a year.

a$.$ If the discount rate is $5\%$ per year, should you replace the forklift? $($Round your answers to the nearest

whole dollar.$)$

The equivalent annual cost $($EAC$)$ of the new machine

The equivalent cost of owning and operating the new machine

b$.$ If the discount rate is $10\%$ per year, should you replace the forklift? $($Round your answers to the nearest

whole dollar.$)$

The equivalent annual cost $($EAC$)$ of the new machine

The equivalent cost of owning and operating the new machine

$

You

should not

replace.

What is the correct EAC of the new machine for A & B$?$

$($note$,$ its not $5000,4590,$ or $5254$ asthis question was asked before and they are coming up as incorrect $)$