Doey, Cheatem, and Howe, Attorneys, rely heavily on a colour laser printer to process the paperwork. Recently the printer has not functioned well and print jobs were not being processed. Management is considering updating the printer with a faster model. Current Printer New Model Original purchase cost $30,000 $24,000 Accumulated depreciation 17,000 Estimated operating costs 3,000 2,000 (annual) Useful life 4 years 4 years If sold now, the current printer would have a salvage value of $4,000. If operated for the remainder of its useful life, the current printer would have zero salvage value. The new printer is expected to have zero salvage value after four years. Instructions: Prepare an analysis to show whether the company should retain or replace the printer