Grieco Company has been using the same equipment to make its clothing for the last five years. A consultant has suggested that production costs may be reduced by purchasing more technologically advanced machinery. The old machines cost the company $420,000. The old machines presently have a book value of $142,000 and a market value of $34,000. They are expected to have a five-year remaining life and zero salvage value. The new machines would cost the company $320,000 and have operating expenses of $19,000 a year. The new machines are expected to have a five- year useful life and no salvage value. The operating expenses associated with the old machines are $52,000 a year. The new machines are expected to increase quality, justifying a price increase and thereby increasing sales revenue by $32,000 a year. Select the true statement. Multiple Choice The company will be $34,000 better off over the 5 year period if it replaces the old equipment The company will be $39,000 better off over the 5 year period if it replaces the old equipment The company will be $50,000 better off over the 5 year period if it replaces the old equipment. The company will be $84,000 better off over the 5 year period if it keeps the old equipment