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9. Gruber Landscape is planning to buy a new all-purpose utility truck for $29,000. The truck has a useful life of 10 years at which

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9. Gruber Landscape is planning to buy a new all-purpose utility truck for $29,000. The truck has a useful life of 10 years at which time it can be sold for $8,500. Accountants at the firm have forecasted the following end-of-year net after-tax cash flows for the truck: Year Cash Flow 1 2 3 4 5 6 7 8 9 10 4,500 4,500 4,000 4,000 -3,500 3,500 3,500 -3,500 3,500 3,500 The company requires a hurdle rate of 11.00% for all projects. Using NPV and IRR demonstrate if the truck should be purchased. Show all your work

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