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The Lansing Community College registrar's office is considering replacing some Canon copiers with faster copiers purchased from Kodak The office's 4 Canon machines are expected

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The Lansing Community College registrar's office is considering replacing some Canon copiers with faster copiers purchased from Kodak The office's 4 Canon machines are expected to last 5 more years. They can each be sold immediately for $1,500; their resale value in 5 years wil be rero. The Canon machines require operators, they are paid $8.10 an hour each and work 38 hours a week and 51 weeks a year. The machines break down periodically, resulting in annual repair costs of $1,200 for each machine. The cost of supplied for each machine will be $1.000 a year. The total cost of the new Kodak equipment will be $111.000. The equipment will have a life of years and a total disposal value at that time of $1,500. The Kodak system will require only 2 regular operators, Kodak has offered the college a maintenance contract that covers all machine breakdowns, the cost of the contract is $60 per year. The cost of supplies for all the machines combined will be $3,720 a year Required Assuming a discount rate of 14%, compute the difference between the net present value of the registrar's office keeps the Canon copiers and the represent value fit buys the Kodak ceplers. (Note: If your results favor keeping the Canon copiers, enter your net present value difference as a positive number, if your results favor buying the Kodak coplers, enter your net present value difference as a negative number

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