ViewPolicies Current Attempt in Progress Link Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the east of which is that it runs. The new truck would cost $55,500. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of 57400. At the end of years, the company will sell the truck for an estimated $27.700. Traditionally the company has used a rule of thumb that a proposal should not be accepted unless it has a puyback period that is less than 50% of the anset's estimated useful life. Larry Newton, a new manager has sugested that the company should not rely solely on the payback approach, but should also employ the net present value method when evaluating new projects. The company's cost of capital is est Click here to view the factor table a) Compute the cash paytick period and net present value of the proposed investment. (I the natt present value is negative, une eller negative in preceding the number 45 er parentheses (452. Round answer for presentato decimal place. 125. Round answer for Playback period to I decimal place, 10.5. For calculation purposes, se decimal placer displayed in the factor table provided) Cash payback period Years Net present value 5 Does the project meet the company's cash payback criteria! (4) Compute the cash payback period and not present value of the proposed investment of the nel present value thera negative si prodiru the number -15 or parentheses (451. Round answer for present you to decimal places, s 125. Round answer for Playback period to I decimal plat, 105. For calculation purposes, use decimal places of delayed in the factor table provided) Cash paytrack period years Net present value $ ibi Does the project meet the company's cash payback criteria? Does it meet the resent value criteria for acceptance! Textbook and Media Attempts of 2 used Net present value $ (b) Does the project meet the company's cash payback criteria? NO Yes Does it meet the net present value criteria for acceptance? e Textbook and Media Attempts:0 of 2 used SA