TopNotch Delivery Inc. is considering the purchase of an additional delivery truck for $20,000 on January 1, 2014. The truck is expected to have a five-year life with an expected residual value of $4,000 at the end of five years. The additional revenues from the added delivery capacity are anticipated to be $35,000 per year for each of the next five years. A driver will cost $25,000 in 2014, with an expected annual salary increase of $1,000 for each year therea operating costs for the truck are estimated to be $4,500 per year. Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 a. Determine the expected annual net cash flows from the delivery truck investment for 2014-2018. If required, use the minus sign to indicate an overall negative annual net cash outflow. 2014 20Y5 Annual Net Cash Flow x 2016 2017 2018 b. Calculate the net present value of the investment, assuming that the minimum desired rate of return is 12%. Use the table of present value of $1 provided above. Round your answers to two decimal places, if necessary. Total present value of annual net cash flow