LMT Machinery must either have a complete overhaul of its current assembly line or purchasea new one. Its cost of capital is 18 percent. The company's accountant has developed the following cost projections Present System New System 60,000 22,500 30,000 52,500 15,000 4,500 $75,000 Remaining book value . . . . 30,000 16,500 If the company keeps the old system, it will have to be overhauled immediately. With the overhaul, the old system will have a useful life of five more years Use the total cost approach to evaluate the alternatives of keeping the old system and purchasing the new system. Indicate which alternative is preferred