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A firm is considering the replacement of ten of its delivery trucks. The existing trucks were bought 6 years ago for $25,000 each and have a remaining useful life of 3 years. The firm does not expect to realize any return from scrapping the old trucks in 3 years, but if they were sold now, the firm would receive $4,000 per truck.
REQUIRED:
Problem 1: Using an INCREMENTAL Net Present Value approach, evaluate the desirability of replacing the old trucks. (Do NOT present one solution for the old truck and one solution for the new trucks)
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