Coast-to-Coast Inc. is considering the purchase of an additional delivery vehicle for $35,000 on January 1, 20Y1. The truck is expected to have a 5-year life with an expected residual value of $5,000 at the end of 5 years. The expected additional revenues from the added delivery capacity are anticipated to be $51,000 per year for each of the next 5 years. A driver will cost $36,000 in 20Y1, with an expected annual salary increase of $3,000 for each year thereafter. The annual operating costs for the truck are estimated to be $2,000 per year. Year 6% 10% 12% 1 0.943 0.909 0.893 0.870 2 0.890 0.826 0.797 0.756 3 0.840 0.751 0.712 0.658 4 0.792 0.683 0.636 0.572 5 0.747 0.621 0.567 0.497 6 0.705 0.564 0.507 0.432 7 0.665 0.513 0.452 0.376 0.627 0.467 0.404 0.327 0.592 0.424 0.361 0.284 0.558 0.386 0.322 0.247 8 9 10 20Y1 a. Determine the expected annual net cash flows from the delivery truck investment for 20Y1-20Y5. Annual Net Cash Flow $ 20Y2 $ IT $ $ 20Y3 Present Value of $1 at Compound Interest 15% 20Y4 20Y5 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 b. Compute the net present value of the investment, assuming 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 minus sign to indicate a negative net present value. Present value of annual net cash flows Investment Net present value 000