Problem $14-28($Algo$)$ Net Present Value Analysis $[$LO$14-2]$

Bilboa Freightlines, S$.$A$.,$ of Panama, uses a truck for intracity deliveries that has worn out and must be overhauled or replaced. The company assembled the following information:

$\backslash$table$[[,$Present,$],[$Purchase cost $($new$),$Truck,New Truck$],[$Remaining book value,$$25,000,$$$31,000$