Your company is considering a new project -- buying a new truck to make some new deliveries.
-The deliveries will be worth $80,000 each year, for 8 years.
-The truck will cost $150,000. It will be kept for 8 years, at which time it can be sold for $30,000.
-A new driver will be paid $50,000 each year to operate the truck.
-The truck will need a one-time overhaul during its fourth year of operation, costing $25,000.
-Fuel and maintenance for the truck are expected to be $10,000 each year, for the 8 years.
*Using an annual interest rate of 7%, what is the Net Present Value (also called Net Present Worth) of this project?*