Can you please answer this question

Required information Exercise 11-30 (Algo) Relevant Cost Exercises [LO 11-1, 11-2, 11-3, 11-4, 11-7] [The following information applies to the questions displayed below.] Each of the following situations is independent: Part c (Algo) Asset Replacement An uninsured boat costing $92,800 was wrecked the first day it was used. It can be either sold as-is for $9,280 cash and replaced with a similar boat costing $96,200 or rebuilt for $77,800 and be brand new as far as operating characteristics and looks are concerned. Required: What is the difference in cost between the two options? Difference in cost Based on financial considerations, what should the company do? Sell as-is for $9,280 cash and replace with a similar boat costing $96,200. O Rebuild for $77,800.