Arkansas Best Freightways is considering a purchase of three different potential trucks. it is considering three different investment scenarios and their respective cash flows. Arkansas Best Freightways use a cost of capital of 9 percent to evaluate the investments. Cost of Capital 98 Year Year 0 (today) Year 1 Year 2 Year 3 Year 4 Buy new truck Increased profits Increased profits Increased profits Increased profits Investment i (85,000) 25,000 25,000 25,000 25,000 Investment 2 (105,000) 20,000 30,000 40,000 50,000 Investment 3 (125,000) 40,000 30,000 20,000 10,000 Required: 1. Calculate the net cash flows (not discounted) over the life of the three investments. (Negative amounts should be entered using a minus sign.) Investment 1 Investment 2 Investment 3 Net cash flows over life (not discounted) 2. Calculate the net present value for each of the three possible investments, using the 9 percent cost of capital as the interest (or discount) rate. (Negative amounts should be entered using a minus sign. Round your answer to 2 decimal places. Use the Excel NPVO function to calculate the net present value for each of the three possible investments.) Investment 1 Investment 2 Investment 3 Net present value (NPV) 3. Which investment has the highest net present value (NPV)? The lowest NPV? Highest net present value Lowest net present value