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Chatham Automotive purchased new electric forklifts to move steel automobile parts two years ago. They cost $ 8 5 0 0 0 each , including

Chatham Automotive purchased new electric forklifts to move steel automobile parts two years ago. They cost $85000each, including the charging stand. In practice, it was found that they did not hold a charge as long as claimed by the manufacturer, so operating costs are very high. As a result, their current salvage value is about $11000.
Chatham is considering replacing them with propane models. New propane forklifts cost $58000 each. After one year, they have a salvage value of $40000, and thereafter decline in value at a declining-balance depreciation rate of 20percent, as does the electric model from this time on. The MARR is 9 percent. Operating costs for the electric model will be $19000 this year, rising by 13 percent per year. Operating costs for the propane model will initially be $11000 over the first year, rising by 13 percent per year. Should Chatham Automotive replace the forklifts now?
(FILL IN THE BLANKS: Chatham automotive "should" or "should not" replace the forklifts now since the minimum total EAC for the electric forklifts is "$______" which is "higher" or "lower" than "$_______"the minimum total EAC for the propane forklifts.
USE table of compound interest factors for discrete compounding periods when i=9%
(Round to the nearest dollar as needed.)
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