A milling machine with enhanced CNC controls that allow for high$-$speed machining of free$-$form parts was purchased two years ago for $$195,000.$ The company wants to purchase a recently available faster model with control up to $8$ axes for $$240,000.$ The presently owned machine can be sold today for $$105,000.$ Its operating cost over the past $2$ years has been $$30,000$ per year. The value that should be used as $P$ for the presently owned machine is