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22 ABC, Inc. is considering whether to repair a five-year-old fork lift or to purchase a used one as a replacement. The company estimates that it would take $3,000 to repair the existing fork lift, which is the same amount needed to purchase the used fork lift. Cost-related information for both assets is as follows: Existing Used Fork Fork Lift Lift 2 points Acquisition cost $15,000 $ 3,000 Repairs cost $ 3,000 02:09:26 Annual operating costs (gas, etc.) $ 2,280 $ 2, 100 Under the assumption that the company would like to minimize total cost, what should the company do, and what are the total cost savings in the first year? First - Year Decision Cost Savings A ) Buy the used fork lift $ 9,780 B ) Repair the existing fork lift $ 5, 518 Buy the used fork lift $ 180 Repair the existing fork lift $ 5, 280 Multiple Choice O Option D O Option C O Option A