Bilboa Freightlines, SA of Panama has a small truck that it uses for local deliveries. 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 overhauls its present delivery truck, then the uuck will be usable for eight more years. If a new truck is purchased, it will be used for eight years, atter 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 depreciation on a straight-line basis. All investment projects are evaluated using a 16% discount rate. Click here to view Exhibit 10.1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables Required: 1-a. Determine the present value of net cash flows using the total-cost approach. (Negative omount hhould be indicated with a minus sign. Round discount factor(s) to 3 decimal place.) 1.b. Should Bilboa Freightlines keep the old truck or purchase the new one? ourchased from the outside supplier. Required: 1. What is the net dollar advantage or disadvantage of accepting the outside supplier's offer? (Round "Total costs" and final answer to the neorest whole dollar amount.) 2. What is the annual rental value at which the company will be indifferent between the two options? (Round "Total costs" and final onswer to the nearest whole dollar amount)