Hydrochloric acid, which fumes at room temperatures, creates a very corrosive work environment. A mixing machine working in this environment is deteriorating fast and can be used for only 1 more year, at which time it will be scrapped. It was purchased 3 years ago for $88,000 and its operating cost for the next year is expected to be $45,000. A more corrosion-resistant challenger will cost $226,000 with an operating cost of $40,000 per year. It is expected to have a $60,000 salvage value after its 10 -year ESL. At an interest rate of 15% per year, what minimum trade-in value will make the challenger economically attractive? On equating the AW values of the defender and the challenger, to calculate the minimum trade-in value of the challenger, the spreadsheet tool that should be used is The minimum trade-in value that will make the challenger economically attractive will be $