When to replace an asset: Nemo Haulers is considering whether to purchase a new mini tractor for moving furniture within its warehouse. Nemo calculates that its current mini tractor generates $$3,100$ of cash flow per year. A new mini tractor would cost $$3,000$ and would provide cash flow of $$4,000$ per year for five years. What is the equivalent annual cash flow for the new mini tractor and should Nemo purchase the new tractor? Assume the cost of capital for Nemo is $10$ percent.

$$3,000,$ do not purchase the new tractor

$$4,000,$ purchase the new tractor

$$12,163,$ purchase the new tractor

$$3,209,$ purchase the new tractor