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View Policies Current Attempt in Progress Bonita Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck
View Policies Current Attempt in Progress Bonita Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck will cost $36,500. Cost savings with this truck are expected to be $11,200 for the first two years, $7,100 for the following two years, and $4,300 for the last three years of the truck's useful life. What is the payback period for this project? (Round answer to 2 decimal places, e.g. 52.75.) Payback period years What is the discounted payback period for this project with a discount rate of 10 percent? (Round intermediate calculations to 5 decimal places, e.g. 0.42355. Round answer to 2 decimal places, e.g. 52.75.) Discounted payback period years
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