Question 5 12 pts Cercei's Snowcones is a sole proprietorship that owns and operates one ice cream truck. The company purchased its truck 5 years ago for $40,000. When it purchased the truck it expected it to be useful for 8 years with a residual value of $5,000. Cercei thinks she could sell the truck today for $14,000 Cercei is considering replacing the old truck with a new, all-electric truck. The all electric version would cost $60,000 and would have an expected useful life of 8 years. Over its 8 year life, the truck would reduce annual operating costs (mostly gas and maintenance) by $8,000 per year for the first 6 years, and $10,000 per year thereafter. After 8 years, it is expected the truck would have a $2,000 residual value. Cercei's cost of borrowing is 15% Required: 1. Calculate the project's cash payback period: 2. Calculate the project's net present value: $ 3. Calculate the internal rate of return