Jimbob Co. is considering replacing its existing fleet of trucks with new trucks. Estimates for the next three years are as follows: Average annual sales Annual operating costs Original costs of old trucks Remaining book value of old trucks List price of new trucks Remaining life Expected life Disposal value now Disposal value in 3 years Required: Old trucks New trucks $500,000 $520,000 100,000 75,000 100,000 10,000 120,000 3 years 3 years $10,000 $ nil $ nil Based strictly on the financial information presented above, should the company replace the old trucks now? (Ignore time value of money).