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Question Flounder Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which

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Question Flounder 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 $57.100 Because of the increased capacity, reduce maintenance costs, and increased fuel economy, the truck is expected to generate cost saving of 18,000. At the end of years, the company will sell the truck for an estimated $2,700. Traditionally the company has used a rule of thumb that a proposal should not be accepted unless it has a payback wid that is less than 50% of the sets estimated Larry Newton, a new manager, has suggested that the company should not rely lely on the payback approach, but should also employ the newesent value method when evaluating new projets. The company's cost of Captain Click here tye Compute the cash payback period and net present value of the proposed investment (the net present value is negative, use with a negative preceding the number ca. 45 or parte (45). Nound answer for present value to decimal places, 125. Round answer for Payback period to decimal place, e.. 10.5. For calculation purposes, use 5 decimal places as displayed in the factor table provided) Cash payback period Net present values Does the project meet the company's cash payback cena Does it meet the net prent value criteria for acceptance? Click if you would like to show Work for this question Open Show Work

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