50 Westland College has a telephone system that is in poor condition. The system either can be overhauled or replaced with a new system. The following data have been gathered concerning these two alteratives Proposed New System $300,000 Present System Purchase cost new $250.000 Accumulated depreciation $240.000 Overhaul costs needed now $230,000 Annual cash operating costs $180,000 Salvage value now $160.000 Salvace value at the end of 8 years $152.000 Working capital required $170,000 $165.000 $200,000 Westland College uses a 10% discount rate and the total cost approach to capital bodgeting analysis. Both alternatives are expected to have a useful life of eight years. The working capital required will be released to fit the end of the years to be available for other purposes The net present at the temative of purchasing the new wystemis Molto 15129 wes conege uses a 10% DISCOURTE ano e la costapproaco Capibuugeung analysis. BOUT antenduves are e years. The working capital required will be released in full at the end of the 8 years to be available for other purposes 60 The net present value of the alternative of purchasing the new system is Multiple Choice $1236.499) 15169895 151076.495 5969995