Question: Current Attempt in Progress Concord Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck will cost

Current Attempt in Progress Concord Unlimited is
Current Attempt in Progress Concord Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck will cost $36,000. Cost savings with this truck are expected to be $11,000 for the rst two years, $7,600 for the following two years, and $4,100 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 I years What is the discounted payback period for this project with a discount rate of 9 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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