Asset Replacement An uninsured boat costing $93,200 was wrecked the first day it was used. It can be either sold as-is for $9,320 cash and replaced with a similar boat costing $96,800 or rebuilt for $78,200 and be brand new as far as operating characteristics and looks are concerned. Required: What is the difference in cost between the two options? Based on financial considerations, what should the company do? Sell as-is for $9,320 cash and replace with a similar boat costing $96,800. Rebuild for $78,200