Blossom Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which is that it runs). The new and increased fuel economy, the new truck is expected to generate cost savintenance costs, company has used a rule of thumb that a the truck for an estimated $27,300. Traditionally the payback period that is less than 50% of the assest's should not be accepted unless it has a but should also empled that the company should not rely solely useful life. Larry Newton, a new company's cost of capital net present value method when evaluatis the payback approach, Click here to view PV table. (a) Compute the cash payback period and net present value of the proposed investment. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses period to 1 decimal place, e.g. 10.5. For calculation pulaces, e.g. 125. Round answer for Payback the factor table provided.) .5. For calculation purposes, use 5 decimal places as displayed in Cash payback period years Net present value $ (b) Does the project meet the company's cash payback criteria? Does it meet the net present value criteria for acceptance