Coronado Corporation is considering purchasing a new delivery truck. The truck has marny advantages over the companys current truck (not the least of which is that it runs). The new truck would cost $57,280. Because of the increared capacity reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $2.000. Ac the end of eight years, the company will sell the truck for an estimated $28,100. Traditionally, the company has used a general rule that it should not accept a proposal unless it has a payback period that is less than 50% of the asset's estimated useful hife. David Miler, a fewmanager, has sugsested that the company should not rely only on the paytack approach but should also use the net peresent value method when evaluating new projects. The company's cost of capital is 8 negative san preceding the number es. 45 or parentheses es. (45). Round anh paybock periad to 2 decinal plack, ey. 12.51. For. colcialation purposes, use 5 decimal places as diplayed ia the factor toble provided, es 1.25124 and ret present vilue bo odecimaiplase. es. 5.275.) Clickhere to view the factor table. Does the project mect the company's cash payback criteria? The project Does it meet the net present value criteria for acceptance