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The Forsyth County Water & Sewer purchased a distillation system in 2016 for $90,000. The Forsyth County realized that they can use the system for

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The Forsyth County Water \& Sewer purchased a distillation system in 2016 for $90,000. The Forsyth County realized that they can use the system for only 3 more years, that means in 2023 it will be scrapped with no value. Also, The Forsyth County will have to spend $75,000 per year for operating cost of distillation system. As an alternative, the Forsyth County found a more corrosion-resistant system from Thermal Kinetics, which will cost $220,000 now and an operating cost of $49,000 per year. The new system is expected to have a $30,000 salvage value after an economic service life of 6 years. At an interest rate of 10% per year, what minimum replacement value now for the present system will render the Thermal Kinetics attractive

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