Question: please do fast Last year, a decision was made to keep the same equipment in lieu of buying new equipment. The old equipment's trade-in value

please do fast Last year, a decision was made to keep

please do fast

Last year, a decision was made to keep the same equipment in lieu of buying new equipment. The old equipment's trade-in value last year was $6000 and its value this year is $2500. The operating cost was $1000 last year. If bought last year, the new equipment would have cost $12000, the salvage value after 10 years would be $3000, and it would have an annual operating cost of $5600. What was the Total EAC for the new equipment? Assume i = 5%

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