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 independent. The cash outlay for the truck is $18,000 and that for the pulley system is $22,000. The firm's cost of capital is 14%. After-tax cash flows, including depreciation, are as follows:

Year	Truck		Pulley
1	$5,100		$7,500
2	5,100		7,500
3	5,100		7,500
4	5,100		7,500
5	5,100		7,500

A) Calculate the IRR for each project. Round your answers to two decimal places.

Truck: ___ %

What is the correct accept/reject decision for this project?

Pulley: ___%

What is the correct accept/reject decision for this project?

B) Calculate the NPV for each project. Round your answers to the nearest dollar, if necessary. Enter each answer as a whole number. For example, do not enter 1,000,000 as 1 million.

Truck: $___

What is the correct accept/reject decision for this project?

Pulley: $ ____

What is the correct accept/reject decision for this project?

C) Calculate the MIRR for each project. Round your answers to two decimal places.

Truck: ____%

What is the correct accept/reject decision for this project? -

Pulley:_____%

What is the correct accept/reject decision for this project?