These boards and stands have been used at many university and college recruitment events and there has been some wear and tear through all the travel. Last year the recruitment team spent $1,000 to fix some of the equipment. The facilities team at the company confirmed that another $1,500 would be needed for some additional repair. Another option is to replace all the recruitment equipment - office depot shows this new equipment to be sold at $7,000. The current estimate on both the old and new equipment is a useful life of 8 years. For the new equipment, Office depot as well as company facilities team stated that it is more efficient and can reduce operating expenses by $500 per year. In addition to this the new recruitment equipment is top of the line and can be rented out to other companies (for $2000) if we promote this online

Use some evaluations methods like Payback Period, Net Present Value or Accounting Rate of Return ?