Time allowance: 12 minutes) This is a replace now or later problem; however, the question asked is only about one part of the analysis. Do not solve the entire problem, only the part asked below. You are facing a decision of whether to replace an old equipment at your factory. A new equipment will cost $48 to purchase it now and the yearly pro-tax maintenance expenses will be $8. The new equipment has a life of years at which time it is estimated it is worthless (its market price scrap value is O). The new equipment will be depreciated down to zero over 5 years using straight-line depreciation If the new equipment is prurchased, the old equipment can be sold today for $24. However, if the old equipment is not replaced today, it will continue to be depreciated down to zero using straight-line method over its remaining 4 years. The remaining book value today of the old equipment is $11. It is estimated that the old equipment can be sold for $2 in one year (at the end year 1). The pro-tax maintenance cost (expenses) per year for the old equipment will be $9. Assume that the discount rate is 10% and the tax rate is 40% For your answer, round to nearest dollar and do not use the dollar ($) sign; do not enter decimals. For example if your answer it -$12.534 then enter -13; if answer is $23.7459 then enter 24, if the answer is -S40 then enter -40 The NPV (att-0) for the replace now decision is Your