You own several copiers that are currently valued at $10,000, combined. Annual operating and maintenance costs for all copiers are estimated at \$8,000 next year, increasing by 10 percent each year thereafter. Salvage values decrease at a rate of 20 percent per year. You are considering replacing your existing copiers with new ones that have a suggested retail price of $26,000. Operating and maintenance costs for the new equipment will be $7,000 over the first year, increasing by 10 percent each year thereafter. The salvage value of the new equipment is well approximated by a20 percent drop from the suggested retail price per year. Furthermore, you can get a trade-in allowance of $12,000 for your equipment if you purchase the new equipment at its suggested retail price. Your MABR is 8 percent. Should you replace your existing equipment now? The economic life of the existing equipment is year(s) with a total EAC of S This is a \#higher or lower__-total EAC than the new equipment, which has an economic life of _year(s) and a total EAC of Si you =should or shouldn't - replace your existing equipment now