Baird Freight Company owns a truck that cost $$44,000.$ Currently, the truck's book value is $$29,000,$ and its expected remaining useful life is four years. Baird has the opportunity to purchase for $$28,000$ a replacement truck that is extremely fuel efficient. Fuel cost for the old truck is expected to be $$6,500$ per year more than fuel cost for the new truck. The old truck is paid for but, in spite of being in good condition, can be sold for only $$12,000.$

Required

Calculate the total relevant costs. Should Baird replace the old truck with the new fuel$-$efficient model, or should it continue to use the old truck until it wears out?

$\backslash$table$[[,$Keep Old,$\backslash$table$[[$Replace With$],[$New$]]],[$Total relevant costs,,$],[$Should Baird replace or continue the old truck?,,$]]$