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Carla Vista's Auto Care is considering the purchase of a new tow truck. The garage doesn't currently have a tow truck, and the $60,030 price

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Carla Vista's Auto Care is considering the purchase of a new tow truck. The garage doesn't currently have a tow truck, and the $60,030 price tag for a new truck would represent a major expenditure. Carla Vista Austen, owner of the garage, has compiled the following estimates in trying to determine whether the tow truck should be purchased. Carla Vista's good friend. Rick Ryan, stopped by. He is trying to convince Carla Vista that the tow truck will have other benefits that Carla Vista hasn't even considered. First, he says, cars that need towing need to be fixed. Thus, when Carla Vista tows them to her facility, her repair revenues will increase. Second, he notes that the tow truck could have a plow mounted on it, thus saving Carla Vista the cost of plowing her parking lot, (Rick will give her a used plow blade for free if Carla Vista will plow Rick's driveway.) Third, he notes that the truck will generate goodwill people who are rescued by Carla Vista's tow truck will feel grateful and might be more inclined to use her service station in the future or buy gas there. Fourth, the tow truck will have "Carla Vista's Auto Care" on its doors, hood, and back tailgate-a form of free advertising wherever the tow truck goes. Rick estimates that, at a minimum, these benefits - would be worth the following. Calculate the net present value, ignoring the additional benefits described by Rick. Of the net present value is negotive, use either o negative sisn preceding the number es. -45 or parentheses es. (45). Round answer to 0 decimal places, e. 12.5, For calculation purposes, use 5 decimal places as displayed in the foctor table provided.) Calculate the net present value, ignoring the additional benefits described by Rick. If the net present value is negative, use either a negative sign preceding the number eg. 45 or parentheses eg. (45). Round answer to 0 decimal places, eg. 125. For calculation purposes, use 5 decimal places as displayed in the foctor table provided.) Net present value Should the tow truck be purchased? The tow truck be purchased

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