Current Attempt in Progress Oriole Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Old Equipment New Equipment Cost $81,200 Cost $39,600 Accumulated depreciation $41,900 Estimated useful life 8 years Remaining life 8 years Salvage value in 8 years $4,800 Current salvage value $10,620 Annual cash operating costs $30,000 Salvage value in 8 years $0 Annual cash operating costs $35,300