Dont round up the number for rhe final answer

Merrill Painting Contractor needs to purchase a new truck The owner is considering two different truck models that are currently on the market. Merri's two alternatives are presented below (Cick the icon to view the two alternatives) (Click the icon to view the Future Value of $1 table) (Click the icon to view the Present Value of $1 table Click the icon to aw the Future Value of an Ordinary Annuity table.) (Click the loon to view the Present Value of an ordinary Annuity Truck A: Merrill can purchase Truck A for $42,000. The truck has a useful life of 9 years and will require annual maintenance costs of $1,100 each year. Merrill expects to sell the truck for $4,000 after 9 years. Truck B: Merrill can purchase Truck B for $39,000. This truck also has a useful life of 9 years but will have no scrap value. It will require maintenance costs every three years as follows: Year 3: $2,200 Year 6: $4,400 Year 9: $6,400 Requirement Which truck should Merrill purchase given an interest rate of 3%, compounded annually? Assume that maintenance costs will be paid at year-end. spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal place $X.XX.) Begin by computing the present value of Truck A. The present value of the first alternative (Truck A) is