Your answer is party correct. Try again Linkin 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 trun) The new truck would cost $56,800. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $8,000. At the end of 3 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 payback period that is less than 50% of the asset's estimated useful Me. Larry Newton, a new manager, has suggested 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 8% Click here to view Py_table Compute the cash payback period and not present value of the proposed investment. the net present was negative userthera negative in preceding the number eg 5 parentheses eg (45). Round answer for present value to decimal aces . 125. Round answer for Payback period to I decimal place, .g. 10. 5. For calculation purple 5 decimal places as displayed in the factor table provided) 1 Cash payback period Net present value 2 19.860.4 Does the project meet the company's cash payback criteria? NO E Does it meet the net present al criteria for acceptance