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Company just purchased a truck. It is currently assumed that the truck will not have a residual value at the end of its s year life. The company is trying to decide if they should plan to refurbish the truck in year 5 If they refurbish the truck at a cost of $60,000 at the end of years, the truck could be used for two more years and would have a $30,000 residual value at the end of year 7. Also, the company expects an additional cash intlow of $70,000 in year 6 and $50,000 in year 7 related to using the truck. What is the additional NPV provided from the refurbishment of the truck? Company X's discount rate is 10%. Present Value of $1 Periods 10 1294 14 1 0.909 0.093 0.877 2 0.826 0.797 0.769 3 0.751 0.712 0.675 4 0.683 0.636 0.592 5 0.621 0.567 0,519 6 0.564 0.507 0.456 2 0.513 0.452 0.400 8 0.467 0.404 0.351 9 0.424 0.361 0.300 Present Value of Annuity of $1 Periods 109 126 1414 1 0.909 0.893 0.877 2 1.736 1.690 1.647 3 2.487 2.402 2.322 4 3.170 3.037 2.914 5 3.791 3.605 3.433 6 4.355 4.111 3.889 7 4.868 4.564 4.288 B 5.335 4.968 4.639 9 5.759 5.328 4.946