10-8 Edelman Engineering is considering including two pieces of equipment, a truck and an over- MIRRs head pulley system, in this year's capital budget. The projects are independent. The cash rojects outlay for the truck is $39,500, and that for the pulley system is $94,800. The firm's cost of capital is 14%. After-tax cash flows, including depreciation, are as follows: Truck $12,500 12,500 12,500 12,500 12,500 Pulley $31,000 31,000 31,000 31,000 31,000 Year 2 4 Calculate the IRR, the NPV, and the MIRR for each project, and indicate the correct accept/ reject decision for each