Davis Industries must choose between a gas-powered and an electric-powered forklift truck for moving materials in its factory. Since both forklifts perform the same function, the firm will choose only one. (They are independent investments.) The electric-powered truck will cost more, but it will be less expensive to operate; it will cost $20,000, whereas the gas-powered truck will cost $15,000. The cost of capital that applies to both investments is 10%. The life for both types of truck is estimated to be 6 years, during which time the net cash flows for the electric-powered truck will be $6,500 per year and those for the gas-powered truck will be $5,000 per year. Annual net cash flows include depreciation expenses. Calculate the NPV and IRR for each type of truck, and decide which to recommend for each methods. I need answer on paper, not excel.