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Carla Vista Roofing is faced with a decision. The company relies very heavily on the use of its 60 -foot extension lift for work on

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Carla Vista Roofing is faced with a decision. The company relies very heavily on the use of its 60 -foot extension lift for work on large homes and commerelal properties. Last year, Carla Vista Roofing spent $77,400 refurbishing the lift It has just determined that another $45,500 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $194,000. The company estimates that both lifts would have useful lives of 5 years. The nevi lift is more efficient and thus would reduce operating expenses from $110,000 to $84,200 each year, Carla Vista Roofing could also rent out the new lift for about $11,500 per year. The old lift is not suitable for rental. The old lift could currently be sold for $28,500 if the new lift is purchased. The new lift and old lift are estimated to have salvage values of zero if used for another 5 years. Prepare an incremental analysis showing whether the company should repair or replace the equipment. (Enter negative amounts using either a negative sign preceding the number es. -45 or parentheses es. (45).)

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