Coronado Industries is contemplating the replacement of an old machine with a new one. The following information has been gathered:

	Old Machine	New Machine
Price	$248000	$460000
Accumulated Depreciation	74400	-0-
Remaining useful life	10 years	-0-
Useful life	-0-	10 years
Annual operating costs	$198400	$148800

If the old machine is replaced, it can be sold for $20000. Which of the following amounts is relevant to the replacement decision?

$74400

$173600

$49600

$248000