X Company is trying to decide whether to continue using old equipment to make Product A or replace it with new equipment that will have lower operating costs. The following information is available: . The new equipment will cost $48,000. Disposal value at the end of its 5-year useful life will be $7,000 The old equipment was purchased 3 years ago for $25,000. It can be sold immediately for $5,000 but will have zero disposal value in 5 years. Maintenance work, costing $4,000, will be necessary on the new equipment in Year 3. The new equipment will result in 9.500 of operating cost savings each year Assuming a discount rate of what is the net present value of replacing the old woment with the new c oment? Not Use the Presenta t ies in the Course