Simple, replace the cord and ground wire goes to the metal tool body. Also, make yourself a J-box with a GFCI in it. I usually do a four-square or larger and add another GFCI protected outlet. Saves me from plugging and unplugging a bunch of power cords. No matter where I go to work, even if the homeowner/business has GFCI outlets, I use my own portable ones and test them regularly so that I know they work. ANYTIME you are on a bare concrete floor, are working outside, or with minimal amount of moisture, you are at risk for getting the ---- knocked out of you if you have a ground fault (as with that older tool). And YES 120 will KILL YOU DEAD. And you cannot,
I repeat, you CANNOT let go if you have a full-bodied shocking event from arm to arm or thru your feet. Only thing that saved my bacon one time was fact that the GFCI did what it was supposed to do and broke the circuit in a millionth of a second (which seemed like an eternity until it shut off.)