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Question 7 0.08/ 0.08 points The following table is used to make a replacement decision regarding a piece of engineering equipment Year EAC Total Salvage Maintenance EAC value costs Capta maintenance costs $38,416 $4,000 $42,416 30,889 5,923 24,226 9,027 19,813 14,125 16,746 22,627 costs $32,000 $4,000 15,031 8,000 7,065 3,320 1,561 36,812 33,253 33,938 39,373 2 16,000 32,000 64,000 4 If the minimum acceptable rate of return is 8.0%, what is the purchase price of this equipment? $69,045 $6,416 $69,416 $65,200 $70,416 Question 7 0.08/ 0.08 points The following table is used to make a replacement decision regarding a piece of engineering equipment Year EAC Total Salvage Maintenance EAC value costs Capta maintenance costs $38,416 $4,000 $42,416 30,889 5,923 24,226 9,027 19,813 14,125 16,746 22,627 costs $32,000 $4,000 15,031 8,000 7,065 3,320 1,561 36,812 33,253 33,938 39,373 2 16,000 32,000 64,000 4 If the minimum acceptable rate of return is 8.0%, what is the purchase price of this equipment? $69,045 $6,416 $69,416 $65,200 $70,416