An asset purchased five years ago for $75,000 can be sold today for $15,000. Operating expenses will be $10,000 this year, but these will increase by $1,500 per year. It is estimated that the asset's market value will decrease by $1,000 per year over the next five years. The company is considering replacing this asset with a new piece of equipment that has an economic life of three years and a minimum EUAC of $14,000. If the company's MARR = 15% per year, when would be the most economical time to make the replacement