The Lansing Community College reglstrar's offce is considering replacing some Canon coplers whth faster coplers purchased from Kodak: The office's 4 Canon mactines are expected to last 5 more years. They can each be sold immedately for $7,000; their recale value in 5 years will be zero. The Canso michines require 4 operators; they are each machine aill be $1,250, The total cost of the new Kodak equipment will be $275,000. The equipenent will have a life of 5 years and a totw elwpoel value at that time of \$18,000. The Kodik system wal require only 2 regular operators, weeking the same number of hours, but earning $22.70 per how, Kedak has offered the college a maiktenance contract that covers all machine oreakdowns; the cost of the contract is s6. poo per year. The cost of supplies for all the machines combined will be $5,760 a year. Required Assuming a discount rate of 4%, compute the difference between the net present value if the registrar's alfice keeps the Canan coplers and the net present value if it buys che Kodak coplers. (Note: if your number.)