Manuco is considering whether to repair or replace its manufacturing equipment. It is now in need of repairs that will cost $$26,000.$ It has three years left of its useful life. Manuco must determine whether to go ahead with the repairs, or to purchase a new machine to replace the old one. A new, more efficient machine costs $$205,000$ and will have an $3-$year useful life, after which it will have no salvage value. The new machine would reduce variable manufacturing costs from $$166,000$ to $$114,000$ annually. As well, the old machinery can be sold for $$65,000.$Do not enter dollar signs or commas in the input boxes.Use the negative sign for values that must be subtracted.Indicate repair or replace using the drop$-$down list.a$)$ Prepare a differential analysis based on the remaining useful life $(3$ years$)$ of the old machinery without consideration of the time value of money or depreciation expense on the asset.Repair EquipmentReplace EquipmentDifferenceVariable MOH$Answer$Answer$AnswerRepairs costs$Answer$Answer$AnswerNew Machine cost$Answer$Answer$AnswerSale of Old Machine$Answer$Answer$AnswerTotal Costs$Answer$Answer$Answerb$)$ Should Manuco repair or replace its manufacturing equipment? Answe