12 Chung Inc. is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Purchase Price Old Equipment $280,000 New Equipment $470,000 Accumulated Depreciation Annual Operating Costs 80,000 350,000 0 250,000 If the old equipment is replaced now, it can be sold for $50,000. Both the old equipment's remaining useful life and the new equipment's useful life is 4 years. Calculate the net cost of the new equipment? QUESTION 13 Fixed costs are $1,000,000, the variable costs are 75% of the unit selling price, and the unit contribution margin is $80. Calculate the break-even point in dollars. (Answer should be rounded to the nearest dollar, i.e. 5,250.66 would be entered as 5,251)