10-8. Edelman Engineering is considering including two pieces of equipment, a truck and an overhead pulley system, in this year's capital budget. The projects are independent. The cash 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:

Year	Truck	Pulley
1	$12,500	$31,000
2	12,500	31,000
3	12,500	31,000
4	12,500	31,000
5	12,500	31,000

Calculate the IRR, the NPV, and the MIRR for each project, and indicate the correct accept/reject decision for each.