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 6,500 61,500 New equipment Purchase cost Final sales value Operating cost savings $52,000 6,)() 10,000 Maintenance work will be necessary on the new equipment in Year 4, costing $2,500. The current equipment will last for five more years, the life of the new equipment is also five years. Assuming a discount rate of 8%, what is the net present value of replacing the current equipment