X Company must decide whether to continue using its current equipment or replace it with new, more efficient equipment. The following information is available for the current and new equipment: Current equipment Current sales value Final sales value Operating costs $5,000 6,000 68,000 New equipment Purchase cost Final sales value Operating cost saving:s $53,000 6,000 8,500 Maintenance work will be necessary on the new equipment in Year 3, costing $3,000. The current equipment will last for six more years; the life of the new equipment is also six years. Assuming a discount rate of 7%, what is the net present value of replacing the current equipment Submit Answer Tries 0/3