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The AW values calculated for a retain-or-replace decision with no stated study period are as shown. AW to AW to Year Replace, $/Year Retain, $/Year

The AW values calculated for a retain-or-replace decision with no stated study period are as shown.

AW to AW to

Year Replace, $/Year Retain, $/Year

1 25,500 27,000

2 25,500 26,500

3 26,900 25,000

4 27,000 25,900

The defender should be replaced: (A) After 3 more years (B) Now (C) After 4 more years D After 1 more year

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