This question will be manually graded by the instructor to ensure accuracy. Clown Cogs is considering selling its old pepcom machine and replacing it with a newer one. The old machine has a book value of $5,000 and its remaining useful life is 5 years Annual costs are $4,000. A high school is willing to buy it for $2,000. New equipment would cost $18,000 with annust operating cents of $1.500. The new machine has an estimated useful life of 5 years. Should the old machine be replaced? a) Please type the appropriate answer in each available space of the "Differential Analysis" table below. Revenue Costs: Purchase Price Variable Costs Income/(Loss) $ Alternative 1 Alternative 2 b) Decision: Should the old machine be replaced? (Type "Replace" or "Do not replace") Differential Effect