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Help fast pls ! The Ajax Corporation has an overhead crane that has an estimated remaining life of 8 years. The crane can be sold

Help fast pls! The Ajax Corporation has an overhead crane that has an estimated remaining
life of 8 years. The crane can be sold now for $5,000. If the crane is kept in service, it
must be overhauled immediately at a cost of $4,000. Operating and maintenance costs
will be $2,500 per year after the crane is overhauled. The overhauled crane will have zero
MV at the end of the 7-year study period. A new crane will cost $16,000, will last for 7
years, and will have a $3,200 MV at that time. Operating and maintenance costs are$
1,200 per year for the new crane. The company uses a before-tax interest rate of 15% per
year in evaluating investment alternatives. Should the company replace the old crane?

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