You want to buy a new equipment to replace an existing one. The new equipment will be depreciated down to zero using straight-line depreciation over its 10 -year life. The project is a 10-year project. The market value of the new equipment at the end of year 10 is expected to be 0 . The new equipment will replace an existing old equipment that has 10 years left of depreciation at a $5,000 a year. The estimated before tax proceeds from selling this existing equipment is $20,000 boday. The market value in 10 years for this old equipment would be 0 . The new equipment will generate annual cost savings of $12,000 before taxes. The tax rate is 30% and the discounting rate is 10%. What is the maximum price you are willing to pay today for the new equipment? For your answer, do not enter the dollar sign (\$), DO NOT use commas, and you can round to zero decimals (the nearest dollar). Your