Concurris Prototyping is committed to using the newest and finest equipment in its labs. Accordingly, Wilma, a senior engineer, has recommended that a $2-$year$-$old piece of precision measurement equipment be replaced immediately. She believes it can be demonstrated that the proposed equipment is economically advantageous at a $15\%-$per year return and a planning horizon of $5$ years. Perform the replacement analysis using the annual worth method, a $5-$year study period, and the estimates below. Was Wilma correct?

$\backslash$table$[[$Equipment$,$Current,Proposed$],[$Original purchase price, $$,-30,000,-35,000$