Bilboa Freightlines, S.A. of Panama has a small truck that it uses for local dellveries. The truck is in bad repair and must be either 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 overtuals its present dellvery truck, then the truck will be usable for eight more years. If a new truck is purchased, it will be used for elght years, after which it will be traded in on another truck. The new truck would be diesel fuelled. resulting in a substantial reduction in annual operating costs, as shown above: The company computes deprectation on a straight-line basis. All investment projects are evaluated using a 16% discount rate. Click here to view Exhiblt 10 , 1 and Exhibit 10-2, to defermine the appropriate discount foctor(s) using tables. Required: 1-0. Determine the present value of net cash flows using the total-cost approach. (Negotive amounts should be indicated with o minus sign. Round discount factor(s) to 3 decimal place.) Kequired: 1-e. Determine the present value of net cash flows using the total-costapproach. (Negative amounts should be indicoted with 8 minus sign. Round discount factor(s) to 3 decimal place.) 1-b. Should Biboa Freightlines keep the old truck or purchase the new one? Purchase the new truck Keep the old truck 2. Using the incremenfaticost approach, determine the net present value in favor of (or against) purchasing the new truck? (Negodve omounts should be indicoted with o minus sign. Round discount foctor(\$) to 3 decimal ploce.)