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The Lansing Community College registrar'ss 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'ss office is considering replacing some Canon copiers with faster copiers purchased from Kodak The office's 4 Canon machines are expected they are paid $7.80 an hour each and work 39 hours a week and 50 weeks $1,200 a year for each machine. last more years. They can each be sold immediately for $700; their resale value in 5 years will be zero. The Canon machines require 4 operators; year. The machines break down periodically, resulting in annual repair costs of $1,140 for each machine. Supplies cost The total cost of the new Kodak equipment will be $115,000. The equipment will have a life of 5 years and a total disposal value at that time of $2,100. The Kodak system will require only 3 reqular operators. Kodak has offered the college a maintenance contract that covers all machine breakdowns; the cost of the contract is $840 per year. Total cost for all supplies will be $3,000 per year Required Assuming [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 copiers, enter your net present value difference as a negative number.] discount rate of 14%, compute the difference between the net present value if the registrar's office keeps the Canon copiers and the net present value if it buys the Kodak copiers

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