QUESTION 1 Clancy Van Lines is considering the acquisition of two new trucks. Because of improved mileage, these trucks are expected to have a lower operating cost per mile than the trucks the company plans to replace for each of the following items, indicate if it is relevant or not relevant to this decision and explain why, 1. Cost and book value of the old trucks 2. Operating costs of the new and old trucks 3. New truck purchase price 4. Proceeds from the sale of the old trucks 3. The $96 retum on alterative investments that Clancy will forego by tying up cash in the new trucks TT DAS M 1201) 4 10