Your firm spends $509,000 per year in regular maintenance of its equipment. Due to the economic downturn, the firm considers forgoing these maintenance expenses for the next 3 years. If it does so, it expects it will need to spend $1.9 million in year 4 replacing failed equipment. For what costs of capital (COC) is forgoing maintenance a good decision? When cost of capital >11% When cost of capital 8% When cost of capital