beceinber 17, 2018 t. A piece of eonstruetion equipment was bought 3 years ago for $ 500,000, expected life of 8 years and a salvage value of 5 20,000, The annual operating cost for this equipment is 8 58,000. It now can be sold for 5 200,000. An alternative piece of equipment can now be bought for 5 600,000, a salvage value of $ 150,000 and an expected life of 10 years. The annual operating cost for this equipment is $ 15,000 MARR-10% should we replace the old equipment? Use both EAC and P.w