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The Mendoza Company discussed in the chapter is now considering replacing a piece of equipment that the company uses to monitor the integrity of metal pipes used for deep$-$sea drilling purposes. The company's pre$-$tax WACC $($discount rate$)$ is estimated as $10\%.$ The following data are pertinent to the question you've been asked to analyze:

$\backslash$table$[[$Annual $($pretax$)$ variable operating expenses,Existing Asset,Replacement$],[$Current purchase price,$$240,000,(?)],[$Current salvage value of existing asset,N$/$A$,$$$600,000$