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Current Attempt in Progress Crane Unlimited is considering purchasing an additional delivery truck that will have a seven - year useful life. The new truck

Current Attempt in Progress
Crane Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck will cost
$33,000. Cost savings with this truck are expected to be $11,000 for the first two years, $7,000 for the following two years, and
$4,000 for the last three years of the truck's useful life.
What is the payback period for this project? (Round answer to 2 decimal places, e.g.52.75.)
Payback period
ears
What is the discounted payback period for this project with a discount rate of 12 percent? (Round intermediate calculations to 5
decimal places, e.g.0.42355. Round answer to 2 decimal places, e.g.52.75.)
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