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Answer the questions completely. Edelman Engineering is considering a piece of equipment in this year's capital budget. The cash outlay for the truck is -$17,100.

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Answer the questions completely. Edelman Engineering is considering a piece of equipment in this year's capital budget. The cash outlay for the truck is -$17,100. The firm's cost of capital, WACC, is 14 percent. The expected cash inflows are as follows: YEAR 1 WN Cash Flow $5,500 $5,500 $5,500 $5,500 $7,500 a. Calculate the NPV. b. Calculate the MIRR

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