Brixton Textiles is considering the replacement of some of its manufacturing equipment. Information regarding the existing equipment and the potential replacement equipment follows: Existing Equipment Cost Operating expenses* Salvage value Market value Book value Depreciation Replacement Equipment $280,000 Cost $281,000 133,000 Operating expenses 52,000 10,500 Salvage value 172,000 Useful life 10,500 5 years Remaining useful life. 144,000 141,000 5 years "The amounts shown for operating expenses are the cumulative total of all such expected expenses to be incurred over the useful life of the equipment. Required Based on this information, should the old machine be replaced? Since the relevant costs of operating the new equipment are higher by the old equipment should be kept