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 $ 79,800 refurbishing the lift. It has just determined that another $ 49,000 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $ 207.500. 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 $ 26,600 per year. Darcy Roofing could also rent out the new lift for about $ 12,000 per year. The old lift is not suitable for rental The old lift could currently be sold for $ 30,500 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 e...(45)) Retain Equipment Replace Equipment Net Income Increase (Decrease) Operating expenses $ - 159600 $ 159600 Repair costs 49000 49000 Rental revenue 72000 72000 New machine cost 207500 -207500 Sale of old machine 30500 30500 Total cost 49000 54600 $ 103600