You are the financial manager of this company. The company is considering a replacement project for an old overhead crane. The old crane is was purchased 5-years go and and originally cost $100,000. It had a useful life of 10-years and is being depreciated on a straight-line basis. The new crane would cost $200,000 and would require an additional $10,000 in net working capital (recovered at the end of year 5). It would be depreciated straight-line over the next 5 years. The new crane would have lower operating costs of $59,000 per year for the next 5 years. The old crane can be sold now for $20,000. The new crane is expected to have a salvage of $30,000 at the end of 5 years. The relevant tax rate is 30%.