Question Two (40 Points) Avaya Company is thinking to replace a three year old loader with a new one that is more efficient. The following information was provided by the Company: $17,000 55,000 1 New loader List price Annual operating expenses Expected life in years Old loader Original cost Remaining book value Disposal value now Annual variable expenses Remaining life in years $120,000 35,000 8,000 78,000 1 Should the company replace or keep the old loader (Show your calculations)