Fletcher Company Is Trying to Decide Whether to Trade in Equipment

Fletcher Company is trying to decide whether to trade in equipment used in its manufacturing process for a newer model.The new equipment will save money because it will be more efficient to use.Indicate if the following items are relevant or irrelevant to this decision.
$$\begin{array} { | l | l | } \hline \text { Item } & \begin{array} { c } \text { Relevant or } \\\text { Irrelevant }\end{array} \\\hline \text { The price of the new equipment } & \\\hline \text { The price paid for the old equipment } & \\\hline \text { The trade in value of the old equipment } & \\\hline \text { The repair costs that will be incurred if the old } & \\\text { equipment is kept } & \\\hline \text { The expected cost savings of the new equipment } & \\\hline \text { The costs that have been incurred on the old equipment } & \\\hline\end{array}$$