The University of Keen Learning’s printing department is considering replacing an old, inefficient production printing machine with a state-of-the-art digital DocuTech 180 HighLight Colour machine....

The University of Keen Learning’s printing department is considering replacing an old, inefficient production printing machine with a state-of-the-art digital DocuTech 180 HighLight Colour machine. The new machine will provide higher-quality prints in less time and at a lower cost per page. Instead of investing in the new machine, the university’s administrative department is lobbying the university management to buy a new, state-of-the-art scanner.

Required:

For each of the following items, indicate by placing an X in the appropriate column whether it should be considered a differential cost, an opportunity cost, or a sunk cost in the decision to replace the old printing machine with a new one. If for any particular item none of the categories applies, leave all columns blank.