Coast-to-Casting considering the purchase of an additional delivery vehicle for $42,000 on January 1, 2011. The truck is expected to have a five-year life with an expected residual value of $5,000 at the end of five years. The expected additional revenues from the added delivery capacity are antipated to be $74,000 per year for each of the next five years. A tver will cost $54,000 in 2011, with an expected salary increase of $4,000 for each year thereafter the lasting costs for the truck are estimated to be $3,000 per year Present Value of $1 at Compound Interest 6 10 12 15 Year 204 0.943 0.890 0.840 0.909 0.826 0.751 0.893 0.797 0.712 0.870 0.756 0.833 0.694 0.424 0.386 0.361 0.22 0.284 0.247 0.55 0.233 0.194 0.162 Dett e expected h ows from the delivery sent Annual Net Cash Flow 2011 2003 b. Compute the present value of the investment in that the minimum desired rate of return is 6%. Use the table of the present value of $1 presented above. When required, round to the nearest dollar. If required, use the mission to indicate a negative net present value Present value of annual net cash flows Investment Net present value