Concord Corp. is planning to replace an old asset with new equipment that will operate more efficiently. The following amounts may be relevant to this analysis. Cost of old asset $11,600 Book value of old asset $1,800 Selling price of old asset $1,800 Purchase price of new replacement asset $19, 100 Estimated salvage value of new asset $1,800 Estimated useful life of new asset 5 years Estimated annual net operating cash inflows $2,900/year for 5 years Discount rate 11% Tax rate 20% Determine which amounts listed are relevant cash flows for Concord Corp. as it considers this asset sale and replacement. Cost of old asset Book value of old asset Irrelevant Irrelevant Selling price of old asset Purchase price of new replacement asset Relevant Relevant Estimated salvage value of new asset Relevand !!!! Estimated annual net operating cash inflows Relevant Then, find the NPV of the new investment. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and final answer to 2 decimal places e.g. 5,125.36. Enter negative amounts using either a negative sign preceding the number, e.g.-5,125.36 or parentheses, e.g. (5,125.36).) Click here to view the factor table NPV $