Carla Vista Corporation is considering purchasing a new delivery truck. The truck has many advantages over the cornpany's current truck (not the least of which is that it runs). The new truck would cost $56,760. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $8,600. At the end of 8 years, the company will sell the truck for an estimated $28,600. Traditionally the company has used a rule of thurnb that a proposal should not be accepted unless it has a payback period that is less than 50% of the asset's estirnated useful life. Larry Newton, a new rnanager, has suggested that the company should not rely solely on the payback approach, but should also ernploy the net present value rnethod when evaluating new projects. The company's cost of capital is 8%