Explain clearly

Q3) A company wants to replace the existing photocopier with the latest one. The current photocopier has following estimates Years Market Value Operating Cost 0 100,000 75,000 28,000 2 60,000 31,000 3 50,000 34,000 4 40.000 34,000 5 25,000 36,000 6 15,000 45,000 7 0 49,000 The new photocopier will have the 150,000$ initial cost. The maintenance and operating cost is 15000$ per year while the salvage value will be 35000$ after the useful life of 5 years. Evaluate both alternatives considering interest rate of 10% per year and decide whether the old photocopier will be replaced or retained