Ivanhoe Manufacturers is considering investing in a new truck that will be used to deliver its custom-made furniture. Michael Shop, Controller of Ivanhoe Manufacturers, is considering a truck which will cost $ 68800 and which has a useful life of 5 years. The new truck will save $ 8256 per year in operating costs which are realized at the end of each year, Michael belleves it the new truck is purchased it could be sold for $ 55470 at the end of its useful life. Ivanhoe's required rate of return is 12% Type of cash flow Periods Interest rate Factor PV of $1 5 12% 0.5674 FV of $1 5 1296 1.7623 S 129 3.6048 PV ordinary annuity FV ordinary annuity PV annuity due 5 12% 6:3528 5 129 4.0374 What is the new truck's net present value? (round to the nearest dollari $ 14881 e $-7565 $--5852 $-6625