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Sheridan Manufacturers is considering investing in a new truck that will be used to deliver its custom-made furniture. Richard Shop, Controller of Sheridan Manufacturers, is

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Sheridan Manufacturers is considering investing in a new truck that will be used to deliver its custom-made furniture. Richard Shop, Controller of Sheridan Manufacturers, is considering a truck which will cost \\( \\$ 73600 \\) and which has a useful life of 5 years. The new truck will save \\( \\$ 8832 \\) per year in operating costs which are realized at the end of each year. Richard believes if the new truck is purchased it could be sold for \\( \\$ 59340 \\) at the end of its useful life. Sheridan's required rate of return is \12. What is the new truck's net present value? (round to the nearest dollar) \\( \\$ .7087 \\) \\$.8092 \\( \\$ 15919 \\) \\( \\$+6260 \\)

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