Whispering Winds 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 $56,525. Because of the increased capacity, reduced maintenance costs, and increased fucl economy, the new truck is expected to generate cost savings of \$8,500. At the end of eight years, the company will sell the truck for an estimated $27,600. Traditionally, the compamy has used a general rule that it should not accept a proposat unless it has a payback period that is less than 50 s of the asset's estimated useful life William Davis, anew manaper, has sugested that the company should not rely only on the payback approach but should also use the net present value method when evaluating new projecte. The compamr's cost of capital is 88 . (a) Cikculate the cash paybsck period and net present value of the aroposed imestment of the net preient value is negative, whe elther a nemotive simp preceding the number es .45 or porentheses es. (45). Round cosh poybock period to 2 decimal place, es. 12.51. For calculation purposes, une 5 decimal plocer as diphoyed in the foctor table provlded, es. 1.25124 and net preient value to Q decimal plocen, es. 5,275) Click here to view the factoe table