ifth year. During the last three years, maintenance costs are expected to be $4,000 a year. At the end of eight years the truck will have an estimated scrap value of $9,000. A bid from Bulldog Trucks, Inc., is for $59,000 a truck. Maintenance costs for the truck will be higher. In the first year they are expected to be $3,000, and this amount is expected to increase by $1,500 a year through the eighth year. In the fourth year the engine will need to be rebuilt, and this will cost the company $15discounted payback period, the project would be accepted; if not, it would be rejected. Assume that an independent projects discounted payback period is greater than a companys maximum acceptable discounted payback period but less than the projects useful life; would rejection of the project cause you any concern? Why? Does the discounted payback period method overcome all the problems encountered when using the traditional payback period method? What advantages (if any) do you see the net present value method holding over a discounted payback period method?