Short Answer Question, you are required to show details on concepts used and how concepts are applied. Question 6 (5 marks) M\&H Inc. delivers groceries for seniors. The company is considering purchasing a new van for $27,000. The van is expected to last 7 years and has a salvage value of $2,000. M\&H will use the straight-line depreciation method. M\&H estimates the van will generate revenue of $15,000 per year and incur expenses of $7,000 plus depreciation. M\&H's cost of capital is 6%