A construction company is interested in buying a truck for debris removal. You must evaluate truck A which has an expected lifespan of ten (10) years, the money for the purchase will be borrowed at a compound interest of 8% and is expected to perform as described below. What is the present value of this proposal? Model Initial Cost Annual Annual Residual value Operating income Expenditure A $45,000 $11,000 $18,000 $10,000 1. $4,825.25 2. $7,115.50 3. $6,602.50 4. $5,821.75 5. None of the above