Check my work 10 Baird Company is considering the replacement of some of its manufacturing equipment. Information regarding the existing equipment and the potential replacement equipment follows: 2. points Existing Equipment Cost $105,000 Operating expenses 116,000 Salvage value 27,000 Market value 41,000 Book value 35,000 Remaining useful life 6 years Replacement Equipment Cost $187,000 Operating expenses 111,000 Salvage value 11,000 Useful life 6 years eBook *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. References Required Calculate the total relevant cost of existing equipment and the potential replacement equipments. Should the equipment be replaced? Old New Total cost Should the equipment be replaced