388! This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question On January 1 of this year, Shannon Company completed the following transactions (assume a 8% annual interest rate): (FV of $1. PV of $1, EVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) a. Bought a delivery truck and agreed to pay $61,100 at the end of three years. b. Rented an office building and was given the option of paying $11,100 at the end of each of the next three years or paying $29,100 immediately. c. Established a savings account by depositing a single amount that will increase to $92,200 at the end of seven years. d. Decided to deposit a single sum in the bank that will provide 8 equal annual year-end payments of $41,100 to a retired employee (payments starting December 31 of this year). Required: a. What is the cost of the truck that should be recorded at the time of purchase? (Round your answer to nearest whole dollar.) Answer is complete but not entirely correct. Cost of the truck $ 20,366 b. Which option for the office building results in the lowest present value? Prev 4 of B Next >