Part c (Algo) Asset Replacement An uninsured boat costing $92,800 was wrecked the first day it was used. It can be either sold as-is for $9,280 cash and replaced with a similar boat costing $96,200 or rebuilt for $77,800 and be brand new as far as operating characteristics and looks are concerned. Required: What is the difference in cost between the two options? Difference in cost