Current Attempt in Progress Crane Company is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Old Equipment New Equipment Purchase price $220000 $375000 Accumulated depreciation 90000 -0- Annual operating costs 300000 240000 If the old equipment is replaced now, it can be sold for $60000. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. What is the cost of the new equipment? O $375000 O $155000 O $80000 O $315000