The City of Kamloops is considering the purchase of a garbage truck. The City currently has no garbage truck, and the $100,000 price tag for a Thus, City Council is determining whether they should buy a brand-ne with very low mileage. Either truck has a useful life of 10 years. The us bring in slightly greater amounts of revenue (the City can charge more The City finance department have complied for you the following esti Purchase of Garbage truck Salvage value Additional net inflows per year Repairs required at the end of year 5 Minimum required return on investments New Used Truck Truck $87,0001 $84,000 $55,000 $45,000 $15,0001 $14,000 $16,000 $10,000 12% 12% Required: A) Compute the present value of the USED gargage truck B) Compute the present value of the NEW gargage truck C) State which truck you feel would be the better purchase for the City to