Question: A forklift will last for only two more years. It costs ( $ 5 , 7 0 0 ) a year to

A forklift will last for only two more years. It costs \(\$ 5,700\) a year to maintain. For \(\$ 26,000\) you can buy a new forklift that can last for 10 years and should require maintenance costs of only \$2,600 a year. a. If the discount rate is \(3\%\) per year, should you replace the forklift? b. What if the discount rate is \(10\%\) per year?
A forklift will last for only two more years. It

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