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your firm considered the replacement of an existing piece of equipment that originally cost $32,000,...

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your firm considered the replacement of an existing piece of equipment that originally cost $32,000, is presently shown on the company records with a value of $11,000 but has a present market value of only $10,000. For purposes of an engineering economic analysis of whether to replace the equipment or keep it, what is the opportunity cost if the firm decided to keep the equipment? O a. $32,000 O b. $10,000 O c. $22,000 O d. $11,000 O e. $21,000

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