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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 not

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 not mutuall exclusive. The cash outlay for the truck is $17,350, and that for the pulley system is $24,225. The firm's cost of capital is 15%. After tax cash flows, including depreciation are as follows:
\table[[Year,Truck,Pulley],[1,$5,300,$8,100
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