Minimum Cost Life/Replacement Analysis 7. A bakery is considering a new oven with the following cost patterns: Salvage Value $80,000 (Initial Cost) $75,000 $70,000 566,000 $62,000 Maintenance Cost Year 0 $O $0 $1,000 $3,000 2 4 The MARR is 10%. Calculate the equivalent uniform annual cost (EUAC) when the oven is retained for one year, two years, three years, and four years. What is the minimum cost life (optimal replacement) Capital Recovery Equivalent UniformEquivalent Uniform (CR)Operating Cost (EUOC) Annual Cost (EUAC) Year 3