Bilboa Freightlines, S. A, of Panama, has a small truck that it uses for intracity deliveries. The truck is worn out and must be either overhauled or replaced with a new truck. The company has assembled the following information: If the company keeps and overhauls its present delivery truck, then the truck will be usable for five more years. If a now truck is purchased, it will be used for five years, after which it will be traded in on another truck. The new truck would be diesel-operated. resulting in a substantial reduction in annual operating costs, as shown above. The company computes depreciation on a straight-line basis. All investment projects are evaluated uing a 9% discount rate. Click here to view Exhibit 781 and Exhibit 782, to determine the appropriate discount factoris) using tables: Required: 1. What is the net present value of the "keep the old truck" altemative? 2. What is the net present value of the "purchase the new truck" alternative? 3. Should Bilboa Freightlines keep the old truck or purchase the new one? Complete this question by entering your answers in the tabs below. EXHIBIT 7B:I Present Value of 51:(1+r)n1 Present Value of an Annaity of SI in Arrears; r1[1(1+r)1] Click here to view Exhibit 78-1 and Exhibit 78-2, to determine the appropriate discount factor(s) using tables. Required: 1. What is the net present value of the "keep the old truck" alternative? 2 What is the net present value of the "purchase the new truck" alternative? 3. Should Bilboa Freightlines keep the old truck or purchase the new one? Complete this question by entering your answers in the tabs below. Should Bilboa Freightlines keep the old truck or purchase the new one