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Digital Tech Dynamics purchased a new quality inspection system for $ 5 5 0 , 0 0 0 . The estimated salvage value was $

Digital Tech Dynamics purchased a new quality inspection system for $550,000. The estimated salvage value was $50,000 after 10 years. Currently, the expected remaining life is 7 years with an AOC of $50,000 per year and an estimated salvage value of $40,000. The new president has recommended early replacement of the system with one that costs $360,000 and has a 12-year economic service life, a $35,000 salvage value, and an estimated AOC of $50,000 per year. If the MARR for the corporation is 12% per year, use factor-based relations to determine the minimum trade-in value necessary now to make the president's replacement economically advantageous.
The minimum trade-in value necessary now to make the president's replacement economically advantageous is $
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