The Fast Truck Company has two options for its delivery truck. The first option is to purchase a new truck for $14,000. The new truck will have a useful life of 4 years and a residual value of $3,000. Operating costs for the new truck will be $500. The second option is to overhaul its existing truck. The cost of the overhaul will be $8,000. The overhauled truck will have a useful life of 4 years and a residual value of $0. Operating costs for the overhauled truck will be $700. Using the company's discount rate of 6%, which option is better and by what amount? Present Value of $1 Periods 4 5 6 4% 0.855 0.822 0.790 5% 0.823 0.784 0.746 6% 0.792 0.747 0.705 Present Value of Annuity of $1 Periods 4% 4 3.630 5 4.452 6 5.242 5% 3.546 4.329 5.076 6% 3.465 4.212 4.917 .... OA. Better to overhaul by $2,931 O B. Better to purchase new by $2,931 OC. Better to purchase new by $21,307 OD. Better to overhaul by $21,307