Edelman Engineering is considering a piece of equipment in this year's capital budget. The cash outlay for the truck is -$25,100. The firm's cost of capital, WACC, is 13 percent. The expected cash inflows are as follows: YEAR Cash Flow 1 $5,500 $5,500 $5,500 $5,500 5 $5,500 $8,500 2 3 4 6 a. Calculate the NPV. b. Should the project be accepted or rejected? Project will cost $32,000 at t=0. The expected operating cash inflows will be $12,000 per year for years 3, 4, 5, 6 and 7. Its cost of capital is 12 percent. a. Find the project's MIRR. b. Should the project be accepted or rejected