Question 1 View Policies Current Attempt in Progress 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 $56,760. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the naw truck is expected to generate cost savings of $8,600. At the end of years, the company will sell the truck for an estimated $28,600. 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 Nawton, 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 Click here to view the factor table. a Computs the cash payback period and not present value of the proposed investment. (If the net present value is negative, use either a negative sin preceding the number -45 or parentheses eg (451. Round answer for present value to decimal places, eg. 125. Round answer for Payback period to i decimal places 10.5. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Cash payback period years Net present value S (b) Does the project meet the company's cash payback criteria? Does it meet the nat present value criteria for acceptance? eTextbook and Media SAV for Later Attempts: 0 of 3 used Submit Answer