Total Cost of Capital Asset Purchase Brown Company purchased a piece of equipment for the price of $50,000. Prior to installing the equipment, they had to replace the flooring in the manufacturing plant to better support the new equipment. This cost the company $5,000. They also had to pay shipping costs of $3,500 and duty of $5,000. Finally, as they were unerating the equipment, one of the workers dropped one of the components and it was destroyed and it cost $1,500 to replace the component and another worker spilled coffee on the equipment and it cost $200 to have cleaned. Calculate the total cost of the new equipment for the company