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(Provide your an 18. You are considering buying a new truck for your small business. The cash outlay (i.e., cost) of the truck is $31800.

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(Provide your an 18. You are considering buying a new truck for your small business. The cash outlay (i.e., cost) of the truck is $31800. Your firm's cost of capital is 13.0%. If you buy the truck, after-tax cash flows, including depreciation, would be as follows: Year 1 2 3 4 5 Cash flows $12100 - $17000 $17000 $17000 Calculate the project's payback period. terar

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