Question: A truck, costing $ 2 8 , 0 0 0 and uninsured, was wrecked the very first day it was used. The truck can either

A truck, costing $28,000 and uninsured, was wrecked the very first day it was used. The truck can either be disposed for $5,000 cash and replaced with a similar truck costing $29,000, or rebuilt for $22,000 and be "new" as far as operating characteristics and looks are concerned. The net relevant cost of the replacing option is:

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