Amaterial handling system was purchased 3 years ago for $128,601. Two years ago it required substantial upgrading at a cost of $16,571. It once again is requiring an upgrading cost of $24,585. Alternately, a new system can be purchased today at a cost of $203,933, with a salvage value of $21,016. The existing machine could be sold today for $49,211. In an economic replacement analysis, what first cost should be assigned to the existing system? Enter your answer as follow: 123456.78