Linkin Corporation is considering purchasing 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 SS 6.210. Because of the increased capacity, reduced maintenance costs. and increased fuel economy. the new truck is expected to generate cost savings of 37.700. At the end of 8 years, the company will sell the truck for an estimated 328.000. Traditionally the company has used rule of thumb that proposal should not be accepted unless it has a payback period that is less than of the asset's estimated useful life. Larry Newton, 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 comparMs cost of capital is 8K Click here to view the factor table. Compute the cash payback period and net present va lue of the proposed investment. (If the net mesent vah is r.tive, eittr a nqative sign precedirv the number -45 Or mrentheses eg (45). Round answer for present value to O decirnal places, e.g. 125. Round answer for to I decirml ph-ce e.g. 10.5. For 5 decirna I places as displayed in the factor table provided.) Cash payback period Net present value Does the project meet the companVs cash payback criteria? Does it meet the net present value criteria for acceptance?