Your answer is partially correct. Try again. Riverbed 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 $55,500. Because of the increased capacity, reduced maintenance costs, and increase el econor the new truck s expected to generate cost savings of S8 400 At the end o 8 years, he company will sell the truck for an estimated $28 200. Tra nally t e company has used rie of thumb that a propos should not b a copted unless it has a payback period that is 1 ss than 50% of the asset's osti na od usoful lif Larry Ne to a new manager, has suggest d that the oor pany should not rely soloiy on the payback approach but should also o ploy the net present value method when evaluating new projects. The company's cost of capital is 8%. Click here to view PV table Compute the cash payback poriod and net present value of the proposed invostment. (If the net presont value is nogativo, uso either a nogative sign procoding the numbor o.g.-45 or parenthoses o.g. (45) Round ans wer for present value to o se5 decimal places as docimal places, o.g. 125. Round answer for Payback poriod to 1 docimal placo, o.g. 10.5. For calculation purposes, use 5 docimal placos as displayod in tho factor tablo providod.) Cash payback period Net present value 6.6 Doos the project meet the company's cash payback critoria? Doos meet the net prosont value coritoria for acooptanoo