Current Attempt in Progress Tamarisk 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 $56,619. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savirgs of 58,100 . At the end of eight, years, the company will sell the truck for an estimated \$28.500. 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 assety estimated useful life. Thomas Anderson, a new manager, has sugkested 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%. - Your answer is partially correct. Calculate the cash payback period and net present value of the proposed imestment. (if the net present value is negative, use either a negative sign preceding the numberes -45 or parentheses es. (45). Round cash payback period to 2 decimal place, eg 12.51. For calculation purposes, use 5 decimal places as disployed in the factor table provided, es. 1.25124 and net present value to 0 decimal ploces, e. 5.275 .1 Calculate the cash payback period and net present value of the proposed investinent. of the net present value is negative, wee elther o calculation purposes, use 5 decimal ploces os displayed in the foctor table provided, es 1.25124 and net present value to 0 decimal places, e. 5,275J Click here to view the factor table: Cash payback period years Net present value s eTextbookand Media