Trusted Renovations is considering the purchase of a new laser paint-gun system to replace an old paint sprayer. Both items belong to Class 8 for CCA (at 20%) for tax purposes. This new system costs $8,000 and has a useful life of five years, at which time it can be sold for $1000. The old paint sprayer can be sold now for $250 and could be scrapped for $150 in five years. This company believes that pre-tax (before) operating income will increase annually by $5,000. Should the purchase by made? The tax rate is 22 percent and the required rate of return is 20 percent. Please use PVCCATS for calculating tax shields. (Use 4 decimals in calcns, final answer in dollars and cents)