Current Attempt in Progress Dobbs Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which is that it runs). The new truck would cost $56,985. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $8,700. At the end of eight years, the company will sell the truck for an estimated $27,700. 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 life. Pavel Chepelev, a new manager, has suggested that the company should not rely only on the payback approach but should also use the net present value method when evaluating new projects. The company's cost of capital is 8%. Calculate the cash payback period and net present value of the proposed investment. (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round cash payback period to 2 decimal place, e.g. 12.51. For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and net present value to 0 decimal places, eg. 5,275.) Click here to view PV table. Cash payback period years Net present value eTextbook and Media Does the project meet the company's cash payback criteria? The project v cash payback criteria. Does it meet the net present value criteria for acceptance? The project net present value criteria.\fCurrent Attempt in Progress Indicate whether the following statements are true or false: 1. A post-audit is a thorough evaluation of how well a project's actual performance matches the original projections. 2. Post-audits improve future investment proposals. V 3. Post-audits are foolproof. 4. In a post-audit, future amounts are revised based on new information. 5. In the post-audit, actual figures are examined. 6. A post-audit cannot use the same evaluation techniques that were used in making the original capital budgeting decision-for example, the NPV method. 7. A post-audit provides a formal mechanism for deciding whether future projects should be accepted.Current Attempt in Progress Frost Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $177.000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $35.168. Click here to view PV table. What is its approximate internal rate of return? (Round answer to O decimal places, e.g. 16%.) Internal rate of return