Net present value method for a service compaay. Coast-to-Coust Ine. is considering the purchase of an additional delivery vehicle for $30,000 on January 1,20y1. The truck is expected to have a 5 -year life with an expected residual value of $7,000 at the end of 5 years. The expected addidonal revehues from the added delivery capacity are anticipated to be $56,000 per year for each of the next $ years. A driver will cost $41,000 in 20Y1, with an expected annual salary increase of $3,000 for each year thereafter, The annual operating costs for. the truck are ettimated to be $2,000 per year. a. Determine the expected annual net cash flows from the delivery truck investmeat for 20y1-20Y5. b. Campute the net present vatue of the imvestment, assuming that the minimum desired rate of retum is is\%. Use the table of the present value of \$1 presented above. When required, round to the nearest dollar, If required, use the minus sign to indicate a negative net present value. c. Is the additional truck a gopd investrnent based on your analysis? because the net prosent value is