The J-Corp is making a Decision between 3 Choices, for the Corporate Vehicle for the Next 6 Years I. KEEP The OLD Truck II. BUY a NEW Truck III. LEASE a NEW Truck 1) OLD TRUCK Costs and Benefits A) The Cost of the Old Truck was $30,000 and will last for another 6 Years B) Maintenance Cost on the Old Truck is $4,500 per year C) Gas to Run the Old Truck is $9,500 per Year D) Driver of the Old Truck is paid $20,000 per Year E) The Old Truck Could be sold today for $7,500 F) The Old Truck can be sold in 6 years for $1,500 G) Insurance Costs on the Old Truck are $1,500 Per Year 2) NEW TRUCK Costs and Benefits A) Cost of the New Truck is $45,000 and will last for 6 years. B) The New Truck can be sold in 6 years for $23,000 C) Maintenance Costs on the New Truck Purchase are Zero for the First 2 years and then $2,000 per year for the last 4 years D) Gas Cost of the new Truck is $8,000 per year E) Driver Salary Costs of the New Truck would be $20,000 per year F) Insurance Costs on the New Truck are $3,500 Per Year 3) NEW TRUCK LEASE Costs and Benefits A) The New Truck Lease Cost is $4,700 per year and will last for 6 years. B) Maintenance Costs of the New Truck would be Zero for All Years C) Gas Cost of the new Truck is $8,000 per year D) Driver Salary Costs of the New Truck would be $20,000 per year E) Insurance Costs on the New Truck are $3,500 Per Year a) Compute the NET Relevant Cost or Benefit of keeping the OLD Truck, show chart & All work. b) Compute the NET Relevant Cost or Benefit of Purchasing the New Truck, show chart & All work c) Compute the NET Relevant Cost or Benefit of Leasing the New Truck, show chart & All work d) What Should the Corp Do? Keep the OLD, BUY the NEW, or LEASE the NEW? e) Compute the Quantitative Dollar Benefit in making the Decision from the Question Above. f) Describe TWO Qualitative Costs of the Decision to Keep OLD Truck. g) Describe TWO Qualitative Benefits of the Decision to keep the OLD Truck. the Questions Above The J-Corp is making a Decision between 3 Choices, for the Corporate Vehicle for the Next 6 Years I. KEEP The OLD Truck II. BUY a NEW Truck III. LEASE a NEW Truck 1) OLD TRUCK Costs and Benefits A) The Cost of the Old Truck was $30,000 and will last for another 6 Years B) Maintenance Cost on the Old Truck is $4,500 per year C) Gas to Run the Old Truck is $9,500 per Year D) Driver of the Old Truck is paid $20,000 per Year E) The Old Truck Could be sold today for $7,500 F) The Old Truck can be sold in 6 years for $1,500 G) Insurance Costs on the Old Truck are $1,500 Per Year 2) NEW TRUCK Costs and Benefits A) Cost of the New Truck is $45,000 and will last for 6 years. B) The New Truck can be sold in 6 years for $23,000 C) Maintenance Costs on the New Truck Purchase are Zero for the First 2 years and then $2,000 per year for the last 4 years D) Gas Cost of the new Truck is $8,000 per year E) Driver Salary Costs of the New Truck would be $20,000 per year F) Insurance Costs on the New Truck are $3,500 Per Year 3) NEW TRUCK LEASE Costs and Benefits A) The New Truck Lease Cost is $4,700 per year and will last for 6 years. B) Maintenance Costs of the New Truck would be Zero for All Years C) Gas Cost of the new Truck is $8,000 per year D) Driver Salary Costs of the New Truck would be $20,000 per year E) Insurance Costs on the New Truck are $3,500 Per Year a) Compute the NET Relevant Cost or Benefit of keeping the OLD Truck, show chart & All work. b) Compute the NET Relevant Cost or Benefit of Purchasing the New Truck, show chart & All work c) Compute the NET Relevant Cost or Benefit of Leasing the New Truck, show chart & All work d) What Should the Corp Do? Keep the OLD, BUY the NEW, or LEASE the NEW? e) Compute the Quantitative Dollar Benefit in making the Decision from the Question Above. f) Describe TWO Qualitative Costs of the Decision to Keep OLD Truck. g) Describe TWO Qualitative Benefits of the Decision to keep the OLD Truck. the Questions Above