Walton Freight Company owns a truck that cost $$40,000.$ Currently, the truck's book value is $$26,000,$ and its expected remaining useful life is five years. Walton has the opportunity to purchase for $$24,000$ a replacement truck that is extremely fuel efficient. Fuel cost for the old truck is expected to be $$6,500$ per year more than fuel cost for the new truck. The old truck is paid for but, in spite of being in good condition, can be sold for only $$18,000.$

Required

Calculate the total relevant costs. Should Walton replace the old truck with the new fuel$-$efficient model, or should it continue to use the old truck until it wears out?

Answer is complete but not entirely correct.

$\backslash$table$[[,$Keep Old,$\backslash$table$[[$Replace With$],[$New$]]],[$Total relevant costs,$32,500,6,000$