Biboa Freightlines, SA of Panama has a small truck that it uses for local deliveries. The truck is in bad repair and must be elther overhauled or replaced with a new truck. The company has assembled the following information (Panama uses the U.S dollar as its currency): If the company keeps and overhauls its present delivery truck, then the truck will be usable for eight more years. If a new truck is purchased. It will be used for eight years, ofter which it will be traded in on another truck The new truck would be diesel-fuelled. resulting in a substantial reduction in annuat operating costs, as shown above. The company computes depreclation on a staight-line basts. All inveitment projects are evaluated using a 16 discount rate Required: 1.o. Determine the present value of net cash flows using the total-cost approach. (Negotive omounts should be indicated with o