Sheffield Corp. is considering the replacement of a piece of equipment with a newer model. The following data has been collected: Old Equipment New Equipment Purchase price $345000 Accumulated $560000 138000 -0- depreciation Annual operating costs 452000 353000 If the old equipment is replaced now, it can be sold for $93100. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. What is the net cost of the new equipment? $215000 O $560000 $461000 O $107000