Express, Inc., is considering replacing equipment. The following data are available:

	Old Equipment				Replacement Equipment
Original cost	$	49,000			$	39,100
Disposal value now	$	7,900				0
Disposal value in 5 years		0				0
Annual cash operating costs	$	8,900			$	7,900

What are the total relevant costs of keeping the old equipment?

Multiple Choice

• $44,500.

• $7,900.

• $9,900.

• $49,000.