3. Big Time State University (BTSU) must choose between a gas-powered and an electric powered forklift truck for moving athletic equipment when converting the arena from one event to the next. Since both forklifts perform the same function, you will only need to choose one. The electric-powered truck will cost more, but it will be less expensive to operate; it will cost $22,000. whereas the gas-powered truck will cost $17,500. The cost of capital that applies to both investments is 12%. The life for both trucks is estimated to be 6 years, during which time the net cash flows for the electric-powered truck will be $6,290 per year and those for the gas- powered truck will be $5,000 per year. Calculate the NPV and IRR for each type of truck and decide which to recommend