Question: Current Attempt in Progress Oriole 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 Oriole Unlimited is considering purchasing an additional

Current Attempt in Progress Oriole Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck will cost $38,200. Cost savings with this truck are expected to be $11,600 for the first two years, $8,100 for the following two years, and $4,600 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 years What is the discounted payback period for this project with a discount rate of 10 percent? (Round answer to 2 decimal places, e.g. 52.75.) Discounted payback period years eTextbook and Media Attempts: 0 of 3 used

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