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 equipment at the end of year 10 is expected to be 0 . The equipment will replace an existing old machine that has 10 years left of depreciation at a $3,333 a year. The estimated before tax proceds from selling this existing generate annual cost savings of $12,000 before taxes. The tax rate is 34% and the discounting rate is 15%. What is the maximum price you are willing to pay today for the equipment? Your