Question 13 Company A is considering purchasing a truck with a 4-year life that costs $40,000. The company can borrow and buy the truck, the loan rate would be 10%. The loan payments would be made at the end of each year. The truck will be used for 4 years, at the end of which time it will be sold at an estimated residual value of $10,000. If it buys the truck, it would purchase a maintenance contract that costs $1,000 per year, payable at the end of each year. What is the present value of buying the truck? (round to the nearest integer) (Please use the following MACRS rates for Years 1 to 4:0.3333, 0.4445, 0.15, and 0.07.) Question 13 Company A is considering purchasing a truck with a 4-year life that costs $40,000. The company can borrow and buy the truck, the loan rate would be 10%. The loan payments would be made at the end of each year. The truck will be used for 4 years, at the end of which time it will be sold at an estimated residual value of $10,000. If it buys the truck, it would purchase a maintenance contract that costs $1,000 per year, payable at the end of each year. What is the present value of buying the truck? (round to the nearest integer) (Please use the following MACRS rates for Years 1 to 4:0.3333, 0.4445, 0.15, and 0.07.)