could you solve the following question?Problem $8-38$ Replacement Decision $($LO$5)$

A forklift will last for only $3$ more years. It costs $$5,200$ a year to maintain. For $$22,000$ you can buy a new lift that can last for $10$ years

and should require maintenance costs of only $$2,200$ a year.

a$-1.$ Calculate the equivalent cost of owning and operating the forklift if the discount rate is $4\%$ per year.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

a$-2.$ Should you replace the forklift?

b$-1.$ Calculate the equivalent cost of owning and operating the forklift if the discount rate is $12\%$ per year.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

b$-2.$ Should you replace the forklift?

Answer is complete but not entirely correct.