Problem 3 (30 points) Eight years ago, Kalkanl Co. purchased a large-capacity truck for $120,000. The company sold it today (end of period 8) for $50,000. Operating and maintenance costs averaged $10.450 per year. A complete overhaul at the end of year 4 costs an extra $3500. Calculate the future worth of the truck (at n=8) if the nominal interest rate is 10% compounded quarterly during the first 4 years and 12% compounded monthly during the last 4 years. Show the cash flow diagram. Always use factor notation. Show all your calculations and explain every step. Problem 3 (30 points) Eight years ago, Kalkanl Co. purchased a large-capacity truck for $120,000. The company sold it today (end of period 8) for $50,000. Operating and maintenance costs averaged $10.450 per year. A complete overhaul at the end of year 4 costs an extra $3500. Calculate the future worth of the truck (at n=8) if the nominal interest rate is 10% compounded quarterly during the first 4 years and 12% compounded monthly during the last 4 years. Show the cash flow diagram. Always use factor notation. Show all your calculations and explain every step