pls show me how to solve this problem with out using Excel pls, thank you

Linkin 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 runs). The new truck would cost $54.760. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $7,400. At the end of 8 years, the company will sell the truck for an estimated $27.000. Traditionally the company has used a rule of thumb that a proposal should not be accepted unless it has a payback period that is less than 50% of the asset's estimated useful life. Larry Newton, a new manager, has suggested that the company should not rely solely on the payback approach, but should also employ the net present value method when evaluating new projects. The company's cost of capitalis 8%. Click here to view PV table. (a) Compute the cash payback period and net present value of the proposed investment of the net present value is negative, use either a negative sign preceding the number eg - 45 or parentheses es (45). Round answer for present value to decimal places, eg. 125. Round answer for Payback period to 1 decimal place, eg. 10.5. For calculation purposes, use 5 decimal places as displayed in the factor table provided) years Cash payback period Net present value (b) Does the project meet the company's cash payback criteria? No Yes (b) Does the project meet the company's cash payback criteria? Does it meet the net present value criteria for acceptance? No Yes TABLE 3 Present Value of 1 Periods 4 5% 6% 7% 0% 9% 10% 115 12% 15% 1 96154.95238 94340.93458.92593.91743.90909.90090.89286 86957 2 92456 90703 .89000 87344.85734 84168.82645.81162 79719.75614 3 .88900.86384.83962 .81630.79383.77218.75132 .73119.71178 65752 4 85480 82270 79209.762907350370843.68301 6587363552 57175 5 82193.78353 74726.71299.68058 64993.62092.59345 56743 49718 6 79031 74622.70496 66634 630175962756447 53464 5066343233 7 .75992 71068.66506.62275 58349 54703 51316.48166.45235 27594 8 73069 .67684 62741 58201 54027 50187.46651 43393 40388 32690 9 70259.64461 .59190.54393.5002546043 4241030002 36061 28428 10 67556 61391 55839 50635 46319 42241 38554 35218 32197 24719 11 84958.58468 52679 47509.42888 38753 35049 31728 28748.21494 12 62460 55684 .49697 44401 39711.35554.31863 28584 25668.18691 13 60057.53032.46884.41496 36770 32618 2896625751 2291716253 14 .57748 .50507 44230 38782 34046 29925 26333 23199 20462 14133 15 55526 48102 41727 36245 31524 2745423939 20900 18270.12289 16 53391 .4581139365 33873.29189 25187 21763.1882916312 10687 17 .51337 43630 37136 31657 27027 23107 19785 16963.14564.09293 18 49363 41552 .35034 29586 25025 21199 17986.15282.13004 .08081 19 47464 39573 33051 2761523171 .19449 16351 13768 11611 .07027 20 45639.37689 31180 25842 21455.17843.14864.12403 .10367 .06110 TABLE () Present Value of an Annuity of 1 ( Payments 5% 6% 7% 8% 9% 10% 11% 12 15% 1 96154 95238 94340 93458 92593 91743 90909 90090 89286 86957 2 1.88609 1.85941 1.83339 1.80802 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 3 2.77509 2.72325 2.67301 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 4 3.62990 3.54595 3.46511 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 5 4.45182 4.32948 421236 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 6 5.24214 5.07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 7 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 8 6.73274 6.46321 6.20979 5.97130 5.74664 5.53482 5,33493 5.14612 4.96764 4.48732 9 7.43533 7.10782 6.80169 6.51523 6 24689 5.99525 5.75902 5.53705 5.32825 4.77158 10 8.11090 7.72173 7.36009 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 11 8.76048 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 12 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 13 9.98565 9.39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.58315 14 10.56312 9.89864 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 15 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 16 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 5.95424 17 12.16567 11.27407 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 18 12.65930 11.68959 10.82760 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6.12797 19 13.13394 12.08532 11.15812 10.33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 20 13.59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933 Table 4 shows that the present value of an annuity of 1 factor for three payments at 10% is 2.48685. 1 The difference of .00001 between 2.48686 and 2.48685 is due to rounding