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Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60 -foot extension lift for work on large

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Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60 -foot extension lift for work on large homes and commercial properties. Last year, Darcy Roofing spent $70,200 refurbishing the lift. It has just determined that another $35,000 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $149,500. The company estimates that both lifts would have useful lives of 6 years. The new lift is more efficient and thus would reduce operating expenses by about $23,400 per year. Darcy Roofing could also rent out the new lift for about $9,000 per year. The old lift is not suitable for rental. The old lift could currently be sold for $22,000 if the new lift is purchased. Prepare an incremental analysis showing whether the company should repair or replace the equipment. (Enter negative amounts using either a negative sign preceding the number eg. - 45 or parentheses eg. (45).). Should company repair or replace the equipment? The equipment be replaced

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