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 rm). The truck would cost $55,693. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $3.300 At the end of eight years, the company will sell the truck for an estimated $27,500. Traditionally, the company has used a general rule that it should not accent ainsi 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 bly on the back approach but should also use the net present value method when evaluating new projects. The company's cost of capital is 8%. Study Calculate the cash payback period and net present value of the proposed investment. (Ir the net present value is negative, se either a negative son preceding the number e.o. 45 or parenthesese.. (45), Round cash payback period to 2 decimal place, .. 12.51. For calculation purposes, es decimal places as holandia the factor table provided .0. 1.25124 and not present value to o decimal places 5,275) Click here to view Pytablet Cash payback period years Net present value Does the project meet the company's cash payback criteria? The project cash payback criteria. Does it meet the net present value criteria for acceptance? The project net prsent value criteria