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A company recently purchased a delivery truck. The initial cash outflow for the new truck is $20,000, and it is expected to generate after-tax cash

A company recently purchased a delivery truck. The initial cash outflow for the new truck is $20,000, and it is expected to generate after-tax cash flows of $6,500 per year. The truck as a 5-year expected life. The expected year-end abandonment values for the truck are given below. The company's WACC is 11%.

Year After-tax CF Abandonment Value

0 -$20,000

1 6,500 16,000

2 6,500 12,500

3 6,500 8,250

4 6,500 4,500

5 6,500 0

What is the NPV of the truck at its optimal economic life? Round final answer to the nearest whole number. Include the $ and comma if needed.

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