(15 points) A company currently owns printing equipment that is deteriorating faster than expected. The equipment was purchased 2 years ago for $60,000. The company currently plans to keep the equipment for 10 more years. Fair market value for the 2-year-old printer is $42,000 and is estimated at $8,000 when the printer is 12-years old. Operating and maintenance costs are (and are expected to be in the future) $12,000 per year. The replacement option is to lease on a yearly basis. The annual lease cost is $9,000 with additional annual operating costs of $14,000.