Crane 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 $12,200 Book value of old asset $1,800 Selling price of old asset $1,800 Purchase price of new replacement asset $18,500 Estimated salvage value of new asset $2,200 Estimated useful life of new asset 5 years Estimated annual net operating cash inflows $2,700 /year for 5 years 11% Discount rate Tax rate 20% Determine which amounts listed are relevant cash flows for Crane Corp. as it considers this asset sale and replacement. Cost of old asset