1 10 Bilboa Freightines, SA of Panama has a small truck that it uses for local deliveries. The truck is in bad repair and must be either overhauled or replaced with a new truck. The company has assembled the following information (Panama uses the US currency Purchase con Rasining book value Overhaul needed now Balvage value new 244,000 $41,000 25,000 13.000 15,500 12,000 If the company keeps and overhauls its present delivery truck, then the truck will be usable for eight more years. If a new truck is purchased, it will be used for eight years, after which it will be traded in on another truck. The new truck would be diesel fueled resulting in a substantial reduction in annual operating costs, as shown above The company computes depreciation on a straight-ine basis. All investment projects are evaluated using a 16% discount rate Click here to view Exhibit 103 and Exhib 10-2 to determine the appropriate discount factor using tables Required: S-a. Determine the present value of net cash flows using the total-cost approach (Negative amounts should be indicated with a minus sign, Round discount factor) to 3 decimal place) Cash Flows Purchase the new truck Keep the old truck 1-b. Should Bilboo Freightlines keep the old truck or purchase the new one? Chuck my work