PLEASE FILL THE TABLE OUT TOO Crane Roofing is faced with a decision. The company relies very heavily on the use of its $60-$foot extension lift for work on large homes

and commercial properties. Last year, Crane Roofing spent $$66,600$ refurbishing the lift. It has just determined that another $$30,500$

of repair work is required. Alternatively, it has found a newer used lift that is for sale for $$129,000.$ The company estimates that both

lifts would have useful lives of $5$ years. The new lift is more efficient and thus would reduce operating expenses from $$92,000$ to

$$69,800$ each year. Crane Roofing could also rent out the new lift for about $$7,500$ per year. The old lift is not suitable for rental. The

old lift could currently be sold for $$19,000$ if the new lift is purchased. The new lift and old lift are estimated to have salvage values of

zero if used for another $6$ years.

Prepare an incremental analysis showing whether the company should repair or replace the equipment. $($Enter negative amounts using

either a negative sign preceding the number eg$.-45$ or parentheses e$.$g$.(45).)$Crane Roofing is faced with a decision. The company relies very heavily on the use of its $60-$foot extension lift for work on large homes

and commercial properties. Last year, Crane Roofing spent $$66,600$ refurbishing the lift. It has just determined that another $$30,500$

of repair work is required. Alternatively, it has found a newer used lift that is for sale for $$129,000.$ The company estimates that both

lifts would have useful lives of $5$ years. The new lift is more efficient and thus would reduce operating expenses from $$92,000$ to

$$69,800$ each year. Crane Roofing could also rent out the new lift for about $$7,500$ per year. The old lift is not suitable for rental. The

old lift could currently be sold for $$19,000$ if the new lift is purchased. The new lift and old lift are estimated to have salvage values of

zero if used for another $6$ years.

Prepare an incremental analysis showing whether the company should repair or replace the equipment. $($Enter negative amounts using

either a negative sign preceding the number eg$.-45$ or parentheses e$.$g$.(45).)$