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Please do not copy from Chegg otherwise i have to report your answer. A material handling system was purchased 3 years ago for $123,816. Two

Please do not copy from Chegg otherwise i have to report your answer.

A material handling system was purchased 3 years ago for $123,816. Two years ago it required substantial upgrading at a cost of $16,340. It once again is requiring an upgrading cost of $24,254. Alternately, a new system can be purchased today at a cost of $200,688, with a salvage value of $19,120. The existing machine could be sold today for $49,996.

In an economic replacement analysis, what first cost should be assigned to the existing system? Enter your answer as follow: 123456.78.

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