A company purchased a distillation system in 2020 for $90,000. They realized that they can use the system for only 3 more years, that means in 2027 it will be worth nothing. The company will have to spend $75,000 per year for operating cost of distillation system. As an alternative, they found a more corrosion-resistant system from Farwest, which will cost $220,000 now and an operating cost of $49,000 per year. The new system is expected to have a $30,000 salvage value after an economic service life of 6 years. At an interest rate of 10% per year, what minimum replacement value now for the present system will render the Farwest attractive? A company purchased a distillation system in 2020 for $90,000. They realized that they can use the system for only 3 more years, that means in 2027 it will be worth nothing. The company will have to spend $75,000 per year for operating cost of distillation system. As an alternative, they found a more corrosion-resistant system from Farwest, which will cost $220,000 now and an operating cost of $49,000 per year. The new system is expected to have a $30,000 salvage value after an economic service life of 6 years. At an interest rate of 10% per year, what minimum replacement value now for the present system will render the Farwest attractive