Zachary Company is considering the replacement of some of its manufacturing equipment. Information regarding the existing equipment and the potential replacement equipment follows Existing Equipment Cost $101,000 Operating expenses 116,800 Salvage value 29,800 Market value 55,00 Book value 32,000 Remaining useful life 10 years Replacement Equipment Cost $186,000 Operating expenses 108,000 Salvage value 20,888 Useful life 10 years The amounts shown for operating expenses are the cumulative total of all such expected expenses to be incurred over the useful life of the equipment. Required Calculate the total relevant cost of existing equipment and the potential replacement equipment. Should the equipment be replaced? Old New Total cost Should the equipment be replaced