Westland College has a telephone system that is in poor condition. The system either can be overhauled or replaced with a new system. The following data have been gathered concerning these two alternatives (Ignore income taxes.): Present Proposed New System System Purchase cost new Accumulated depreciation 240,000 Overhaul costs needed now 230,000 Annual cash operating costs s 180,000 170,000 Salvage value now Salvage value at the end of 152,000165, 000 8 years Working capital required $250,000 300,000 s 160,000 200,000 Click here to view Exhibit 13B-1 and Exhibit 138-2, to determine the appropriate discount factor (s) using the tables provided. Westland College uses a 10% discount rate and the total cost approach to capital budgeting analysis. Both alternatives are expected to have a useful life of eight years The net present value of the alternative of purchasing the new system is closest to