THE A new SMD chip shooter is being considered to replace an existing one. The current machine was acquired three years ago at a cost of 80.000 dollars. At the time the current machine was acquired, it was estimated that it had an economic life of five years and that it would fetch a salvage value of 20,000 after five years of use. After assessing the state of this machine it is estimated that its current market value is $25,000.00, that it has a 3 years remaining life, and that the salvage value after those three years will be $5,000.00. Its current annual operating cost for labor is $10,000.00 and $1,000.00 for maintenance. The new machine that is being considered to replace the current Machine will cost $95.000.00. will have a life of 6 years, and a salvage value of $10,000.00. Its annual operating cost will be $3,000.00 for labor and $2000.00 for maintenance. The MARR used by the company is of 10%. Assume that a chip shooter machine will be utilized for the foreseeable future. acco Make sure to list every step of the analysis and to state the best decision. a) Determine the annual cost for the defender b) Determine the annual cost for the challenger c) Will you replace the current machine? HET