Bilboa Freightlines, S.A. 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 overhauts its present delivery truck, then the truck will be usable for elght more years. If a new truck is purchased, it will be used for eight years, after which it will be traded in on another truck. The new truck would be dieselfuelled. resulting in a substantial reduction in annual operating costs. as shown above. The company computes depreciation on a straight tine 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 approprlate discount factor(s) using tables: Required: 1-. Determine the present value of net cash flows using the total-cost approach. (Negotive amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal place.)