Can you sovle problem 25. required Q. 1-4 with detailed information? Thank you!

Problem 25 Matthew College needs a new dishwashing machine. The college could overhaul its existing dishwasher as well. The existing dishwasher originally cost $25 Details for the alternatives are as follows: Keep Replace Cost of new dishwasher $30,000 Ivage value of existing dishwasher Today In five years s 2,000 4,000 10,000 Major one-time overhaul costs Salvage value of new dishwasher Annual costs: 10,000 Labor Utilities Repairs 30,000 2,000 1,000 30,000 1,000 300 Additional Information Assume that both options would have a five-year life. 1. Which costs are sunk? 2. Which costs are irrelevant