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Blue Sky Catering is considering whether to retain or replace its aging delivery truck. The old truck originally cost $60,000 when it was purchased nine

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Blue Sky Catering is considering whether to retain or replace its aging delivery truck. The old truck originally cost $60,000 when it was purchased nine years ago. It has a book value of $6,000. According to the mechanic who serviced the truck during its last oil change, the old truck has 3 years of useful life left. Blue Sky Catering wants to purchase a brand-new truck. The new truck costs $60,000 and has a 10 -year useful life, after which it will have no salvage value. The new truck is a little larger and would accommodate larger jobs, leading to an additional $10,000 per year in contribution margin. It would also have a refrigerated section that would reduce waste by $500 each year. As the truck will be new, repairs and maintenance costs will also decrease from $2,700 to $2,200 annuatly. The old truck can be sold for $8,000 Prepare a quantitative analysis to determine whether or not to purchase the new truck. Do not enter dollar signs or commas in the input boxes

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