Listed are eight transactions the Foster Corporation made during November.

A. Issued stock in exchange for cash.

B. Purchased land. Made partial payment with cash and issued a note payable for the remaining balance.

C. Recorded utilities expense for November. Payment is due in mid-December.

D. Purchased office supplies with cash.

E. Paid outstanding salaries payable owed to employees for wages earned in October.

F. Declared a cash dividend that will not be paid until late December.

G. Sold land for cash at an amount equal to the land’s historical cost.

H. Collected cash on account from customers Williams, Jan.

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?