Retain the Equipment Renting the New Equipment Difference

1 Sales Revenue $ 4,800,000.00 $ 4,800,000.00 -

Less: Variable Operating Cost (600,000.00) (600,000.00) -
Contribution Margin 4,200,000.00 4,200,000.00 -
Less: Fixed Operating Costs (2,250,000.00) (2,250,000.00) -
Equipment Depreciation (450,000.00) (450,000.00) -
Other Depreciation (375,000.00) (375,000.00) -
1,125,000.00 1,125,000.00 -
Less: Loss from Written-Off Equipment (2,550,000.00) (2,550,000.00)
Operatig Profit $ 1,125,000.00 $ (1,425,000.00) $ 2,550,000.00 Decrease

There's a decrease of $ 2,550,000 in operating profit of the current year due to the derecognition of equipment by recognizing its loss from write-off.

Retain the Equipment Renting the New Equipment Difference

2 Sales Revenue $ 4,800,000.00 $ 5,136,000.00 $ 336,000.00

Less: Variable Operating Cost (600,000.00) (600,000.00) -
Contribution Margin 4,200,000.00 4,536,000.00 336,000.00
Less: Fixed Operating Costs (2,250,000.00) (2,115,000.00) 135,000.00
Equipment Depreciation (450,000.00) - 450,000.00
Other Depreciation (375,000.00) (375,000.00) -
Annual rental Charge on Equipment (690,000.00) (690,000.00)
Operatig Profit $ 1,125,000.00 $ 1,356,000.00 $ 231,000 Increase

There's an increase of $ 231,000 in operating profit in renting the equipment than retaining the current one.

3 Yes, I would rather rent the new equipment because it has a net effect of increasing the profitability of the company, as it increases $ 231,000 or 21% of profit compared on retaining the current equipment.
It also saves the company from other expenses and increases the cash flow of the company from its customers.