Show Attempt History Current Attempt in Progress Crane's Auto Care is considering the purchase of a new tow truck. The garage doesn't currently have a tow truck, and the $60,050 price tag for a new truck would represent a major expenditure. Crane Austen, owner of the garage, has compiled the following estimates in trying to determine whether the tow truck should be purchased. Crane's good friend, Rick Ryan, stopped by. He is trying to corvince Crane that the tow truck will have other benefits that Crane hasn't even considered, First, he says, cars that need towing need to be fixed. Thus, when Crane tows them to her facility, her repair revenues will increase. Second, he notes that the tow truck could have a plow mounted on it, thus saving Crane the cost of plowing her parking lot. (Rick will give her a used plow blade for free if Crane will plow Rick's driveway) Third, he notes that the truck will generate goodwili: people who are rescued by Crane's tow truck will feel grateful and might be more inclined to use her service station in the future or buy gas there. Fourth, the tow truck will have "Crane's Auto Care" on its doors, hood, and back tallgate - a form of free advertising wherever the tow truck goes. Rick estimates that, at a minimum, these benefits would be worth the following. Calculate the net present value, ignoring the additional benefits described by Rick. (If the net present value is negative, use either a negative sign preceding the number e.8. 45 or parentheses e.g. (45). Round answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value Should the tow truck be purchased? The tow truck be purchased. eTextbook and Media Solution Attempts: 3 of 3 used (b) Calculate the net present value, incorporating the additional benefits suggested by Rick, (If the net present value is negative, use either a negative sign preceding the number e.8. 45 or parentheses e.8. (45). Round answer to 0 decimal places, e.9. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Calculate the net present value, incorporating the additional benefits suggested by Rick. (If the net present value is negative, use either a negative sign preceding the number e.8. 45 or parentheses e.g. (45). Round answer to 0 decimal places, e.8. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value Should the tow truck be purchased? The tow truck be purchased