Equipment purchased 2 years ago by Newport Corporation to make pneumatic vibration isolators cost $80,000. It has a market value that can be described by the relation $80,000 $7,400R, where k is the years from time of purchase. The operating cost for the first 5 years is $60,000 per year. after which it increases by $6,400 per year. The asset's salvage value was originally estimated to be $7000 after a predicted 10year useful life. Determine the values of P. S, and AOC if (a) a replacement study is done now and it is assumed that the equipment will be kept a maximum of one more year. and (b) a replacement study is done 5 years from now and it is assumed that the equipment will be kept a maximum of only one more year after that. a} The value of Pis $ The value ofS is $ The value of ADC is $ . b} The value of Pis $ The value ofS is $ The value of ADC is $