TU-1879-d95c44d1c. Blackboard Webmail Seneca College - SenecaOnTheHub 1 Seneca Libraries On. ITS Introduction to on ab #10 Question 2 of 4 -/3 HII View Policies Current Attempt in Progress Dobbs Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which is that it runs). The new truck would cost $55,693. Because of the increased capacity.reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $8,300. At the end of eight years, the company will sell the truck for an estimated $27.500. Traditionally, the company has used a general rule that it should not accept a proposal unless it has a payback period that is less than 50% of the asset's estimated useful life. Pavel Chepelev, a new manager, has suggested that the company should not rely only on the payback approach but should also use the net present value method when evaluating new projects. The company's cost of capitalis 8%. 1 Question 2 of 4 -73 places, eg. 5.2750 Click here to view PV table Cash payback period 6.71 years Net present value $ eTextbook and Media Does the project meet the company's cash payback criteria? The project cash payback criteria Does it meet the net present value criteria for acceptance IP Does the project meet the company's cash payback criteria? The project cash payback criteria. Does it meet the net present value criteria for acceptance? The project net present value criteria. e Textbook and Media