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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 independent.

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 $19,000, and that for the pulley system is $20,000. The firm's cost of capital is 12%. 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

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

Truck: ..... % Accept or Reject?

Pulley: ...... %

Accept or Reject?

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: ......$

Accept or Reject?

Pulley: .......$ Accept or Reject?

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

Truck: ...% -Accept or Reject?

Pulley: ....%

Accept or Reject?

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