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A company has contracted to buy a new machine costing $ 5 1 5 0 0 0 and will receive a trade - in value

A company has contracted to buy a new machine costing $515000 and will receive a trade-in value of $125000 for the old machine which has a book value of $54000. To maintain the machine the company must either recruit two staff at an estimated annual salary of $24000 each, or retrain two of the existing workforce at a total cost of $18000. If existing staff are used, two new recruits would need to be hired at a cost of $16000 each. The factory manager, whose annual salary is $60000, estimates that 20% of his time would be spent supervising the three new recruits and 55% of his time would be spent supervising the new maintenance staff, whether they are newly hired or internally trained.
What is the total relevant cost of this decision?
\table[[A,[,],$48000
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