dont understand why #1 and 2 are incorrect. please help meee

Bilboa Freightlines, S.A.. of Panama, has a small truck that it uses for intracity deliveries. The truck is worn out and must be either overhauled or replaced with a new truck. The company has assembled the following information: Present Truck New Truck Purchase cost new $ 36,000 $ 49,000 Remaining book value $ 24,000 Overhaul needed now $ 23,000 Annual cash operating costs $ 18,000 $ 16,500 Salvage value-nov $ 13,000 Salvage value-five years from now $ 10,000 $ 8,000 If the company keeps and overhauls its present delivery truck, then the truck will be usable for five more years. If a new truck is purchased, it will be used for five years, after which it will be traded in on another truck. The new truck would be diesel-operated. resulting in a substantial reduction in annual operating costs, as shown above The company computes depreciation on a straight-line basis, All investment projects are evaluated using a 9% discount rate. Click here to view Exhibit.148.1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using tables. Required: 1. What is the net present value of the "keep the old truck alternative? 2. What is the net present value of the "purchase the new truck alternative? 3. Should Bilboa Freightlines keep the old truck or purchase the new one? Required 1 Required 2 Required 3 What is the net present value of the "keep the old truck" alternative? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) Net present value $ (79,502) Required 1 Required 2 Required 3 What is the net present value of the "purchase the new truck" alternative? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) Net present value (81,969) 361 TIZ 58 st 205 56 1 OLEO SSO 2900 6900 Periods 1 2 3 4 5 6 7 R 9 10 11 12 13 14 15 16 12 18 19 20 20 22 23 24 25 26 27 28 29 30 SICO 55 69 75 1095 115 124 135 145 1545 165 175 185 213 204 0.962 0.952 0943 0.935 0.926 09170.90909010893O.RS 0.877 0.870 0.86208550.8470.840 0.833 0.826 08200.81308060.800 0.92 0.9070890 0.873 0.57 0.8420826 0812 0.7970763 0.769 0.75607430.731 0.7180.706 0.694 0.683 0,672 0.661 0.650 0.640 0889 0.864 0.840081607910.772 0.751 0.731 0.71206930.675 0.658 0.641 06240.609 0.59305790566 0.551 0.537 0.5240512 0X550.823 0.7920763 0735 0.7080683 0.659 0.636 0.61305920372 0.552053405160499 0.482 0467 0451 0437 0423 0.410 0.822 0.78407470.713 0681 0650062105930.567054305190.49704760456 0.4370.4190402 0.386 03700355 0.3410328 0.790 0.746 0.705 0.6660.6300 596 0.564 | 0535 0507 0480 0.456 0.432 041003900 37001520.335 0 319 0303 0.2890.275 0.262 0.7600.7110650.6230.5830.5470513 0.482045204250.4000376 0.3540333 03140.296 02790 263 0.249 0.235 0.222 0.210 0781 0.677 1 0627 0.582 0.5400 502 04670414 0.404 0.376 0.351 0.3270305 0.285 0.266 0.2490.233 0218 0.204 0.1910.179 0.168 0.7030645059205440.50004600424 0.391 0.361 0.333 0.00284 0.2630243 0.225 0.2090.194 0.180 0.167 0.155 0.144 0.134 0.676 0614 0.558 0.508 0.463 042203860352 0.322 0.295 0.270 0.2470.227 0.208 0.1910.176 0.162 0.149 1 0.137 0.126 0.116 0.107 0.6500.550.5270475 0429 0.38% 0350 0.317 0.287 0.261 0.23702150 1950 1780 162 0.148 0.135 0.1230112 0.1030 094086 0.625 0.55704970446 0.397 0.356 0319 0.286 0.257 0.231 0.208 0.1870 1680.152 0.1370.1240.112 0.1020.092 0.03 0.0760069 0601 0530046004150 30326 0.290 0.2580 2290 2040 1820 163 0.145 0.100.116 0.104 0.093 0.084 0075 O 060061 0.055 057705050 4420388 0340 0.299 0.263 0 2320 205 0 181 10.1000.141 0.125 11 0.099 0.00078 0.049 0044 0.5350481 0417 0.3620315 0275 0.2390 2090.183 0.1600.140 0.123 0.1080095 0.0840074006500570051 0.0450.040 0.035 0.5340458 0.3940319 0.292 0.252 0210.1880.16301410.123 0.1070093 0.01 0.071 0.062 0054 00470042 0.036 0.032 0.028 0.5130436 0.371 03170.270 0.231 0.1980.1700.146 0.125 0.1080093 0.00 0.069 0.000 0.052 0.045 00.39 0.034 0.01 0.025 0.023 0.494041603500.296 0.250 0 2120 1800.153 0.130 0.11 0.0250010.06900590.051 0.014003800320028 0.024 0.021 0.018 0,475 0.396 0.331 0.277 0.232 0.1940.1660.138 0.116 0098 0.083 000 000 0051 0.04300370031 0.027 0023 0.0200.017 | 0.014 0.456 0.3770312 0.258 0215 0.178 0.149 0.124 0.1040087 0.073 0.061 ODS10043 0.03700310.026 0.022 0.019 0.01600140012 04390159 0.294 0.2420-1990-1610.135 0.1120093 0.0770064 0.053 0.044 0.037 0.031 0.026 0.022 0.018 0.015 0.0130011 0009 04220342027802260.1840 1500-1200.101 0.0830.060.055 0.0460010032002600220 DIR00150013 0.011 0.009 0.007 04060.3260262 0211 0.1700.138 0.112.0.091 0.0740.0000009 00400030027 0.022ODIR 00150012 0.0100009 0.007 0.006 0.1900 1100.2470 1970 150 1260 10200120056 0.05300430035 0028 0.023 0.019 0.015 0.013 ODIO ODOX 00070006 0005 0175 0.295 0.231.104 0.146 0.116 0.092 0074 0.059 0,047 0.038 0.030 00240020001600100100009 0.0000060005 0.004 0.361 0.281 0.220 0.172 01150.1050084 0.0660053 0.042 00330X126 0.021 0.017 0.014 0011 0.009 0007 0X0600050004 0.003 03.07 0.26 0207 0.161 0.125 0.0980076016000470037002900230000140011 00090007 0006 0.00 0.00400030002 073902550.1960.150 0.116 0.090 0.0690054 00420.0330026 0,020 0.016 0005 0.00 0.003 0.002 0.002 0321 0.243 0.18 0.1410 10700R20.063 ODI 00370.0290022 0.0172 00140011008 0.006 0.005 0004 0.003 0.002 0.1080.231 0.1740.1310.099007500570064 0.0330026002000150012 000907 0.00500 0.003 00020001 0.2 0.142 0097 0.016700100032 0.022001500110.00ROIS0004 0.003 0.002 0.00100010001 O DOO | LOTO 9000 NOTODIO ZTOTO 2000 2000 ZDUO EXTO 00000000000000 OP XHIBIT 148-2 resent Value of an Annuity of S1 in Arrears, 111-1(1+r) SIZ 245 S 159 56 E ESXX Periods 49 SS 75 8 104 119 125 135 145 159 165 17 185 199 205 225 255 1 0.962 09520943 09350926 0917 0909090108930.8850X770.8700 862 0X550.84708400X30.8260X200.813 06 O DO 2 186 1859 1.8331 KON 1783 1759 173 1713 1690 1668 1647 16261605 1 58515661547152815091492147414571440 3 2.775 2.72326732624 2577253124172.444 2.402236121222.283 2.246 2.210 2.174 2.140 2.106 2.074 2042 2011 | 1981 1952 4 363035663465 336733123.240 3.1703.102 10372974291428552.798 27432600 26392589 2.540 2494 2.4 2.4042362 S 4,452 4.129 4.212 4.100 3.9933.8903.291 3.696 3.6053517 343333523.274 31993.127 3058 2991 2.92628642.803 2.745 2.689 6 5.242 5076 4.917 4.76746234486 435542314 113.99838893.7843685 3.589 3.498 3410 3.326 3.245 3.167 3.092 3.020 2.951 7 602 5.76 55825395 2065033 4.16 4.712 4.5644423 4284.164039392238123.7063.605 3.5014163327 1.242 3161 6.7336.46316210 5971 3.7475 535 53355 146 | 4.968 4.79946394467 4 344 4.207 4078395438373.72616193534213129 9 7.435 2.10N602 651562475.9955.759517153285.13249464.7724207 4451 4134.163 403139053786367335663.463 10 RU77227070246.710 6.418 61455889S 650 S 426 5216 5019 4833 4659 4.494 43394.192 4.05439233.79936123571 11 8.760 8.3067887 7499 7.139 6 BOS 6.495 6.2075918568754535.2145029 483646564486 43274 177 40353.902 3.7763656 12 93853 8.384 7.9437.5367.161 6X14 16 4926.1945918 5.660 5.421 5.197 49884.7934611 44394 278 4.1273.985351 3.725 13 90869.394 8358790474577.100 6.750 6.4246122584255835342 5.184910 4715 4533 43624203 4.053 3.9123.780 14 10.563 9.899 9.295 8745824477367367 6 982 6.628 6.102 6.0025.724546852295004024611443242654.1083.9623824 15 ILIR 10 3809712910N 559R 061 7606719168116462 6.142 584755755.324509248764675 448943154.1534.001 3.859 16 11652 1083 10.106 9.4.67XX18.313 7.824 7.379 69746604 62655.9545.668 5405 5.1624938473045364357 41894033387 17 12.16611 274 10.4771 9.763 9. 122 X544 8022 75497.1206.729 6373 6.047 5.7495475 512224990 47754.57614191421940593 910 18 12.659 110 108281005993728.7568.201 7.702 7.250 6.840 6.46761285X185.534 5.27350334812 4.608 4419 42434080 3.928 13 114 12.ORS 11 158103369604 X950836578997366 6918 6.5506.1985877 5584 | 5.3165070483 461544424.261 4.097 3942 20 13.390 12.46211470105949818 9.129 5147963740917025 6.623 625959295628 5.353 5101420 4657 446042794.110 3.954 21 14.029 12820 0176610836 10.017929286198075756271026687 63125973 566551865.127489146254.4764.29241213.963 22 1445113161 12.042 11.061 10.2019 4427728.17676457170 6.7436.359601156965410 5.14949096.6904484 M24.10 3.970 23 888 8.266 2.7182106.7926.1996046 5.7235432 5.1674925 4.7034499414.117 3.976 24 15.24713709125501146910 529 9.707985 8.348 778472x36815 6.4346.0735746 5.451 SIN249174,713507 4.318 4.143 3.981 25 15.622 14.094 1278311 654 10.67598239077 84227843236x736,4646,0975.7665.4673.1954.9484.721451449234.147 3985 26 15.983 143751300311826 10 10 99299 161 X 487 967.372 6.906 6,491 6 1185.78334805 20649564.724520 43284.15139 27 16330146431321111.987 109151002292175479492409693565146116 5.798549252154966 4734452443324154390 16.663 1491340612137110110.1169.907 602 798474441 6.961 651 16 152 5810 5.50252234970 4.73945246.335 4.157 3.992 29 16984 15.141 13.591 12.27 11.15 10.1989.370 65002274206.9836551616658205510522949754.7434.531437 4.1593.994 20 17.292153721765 12.409 11.2510 27419 427 8.694 80557.49670036.566 6.17758295517 5.235 4.97947464534433941603.995 40 19.793 17.159 15 016 03.332 11.925 10.7579 279951 2442644 21056612620358715.54 5.25849974760454443474.166 3.999 99 61 ONS 6 ILEOI ULZII DE ZINVEILSSPI NZ