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7 Problem 8-38 Replacement Decision (LO5) 10 ook A forklift will last for only 2 more years. It costs $5,800 a year to maintain. For
7 Problem 8-38 Replacement Decision (LO5) 10 ook A forklift will last for only 2 more years. It costs $5,800 a year to maintain. For $20,000 you can buy a new life that can last for 9 years and should require maintenance costs of only $2.800 a year 1. Calculate the equivalent cost of owning and operating the forklift if the discount rate is 5% per year (Do not round intermediate calculations, Round your answer to 2 decimal places.) --2. Should you replace the forklift? b.1. Calculate the equivalent cost of owning and operating the forkant or the discount rate is 14% per year. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) b-2. Should you replace the forklift? 3-1. Equivalent cost a-2. Should you replace the forklift? b-1. quae cost 6-2. Should you replace the forklift
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