Edelman Engineering is considering including two pieces of equipment, a truck and an overhead pulley system, in this years capital budget. The projects are independent. The cash outlay for the truck is $17,100 and that for the pulley system is $22,430. The firms cost of capital is 14%. After-tax cash flows, including depreciation, are as follows: Year X Y 0 $ -1000 $ -1000 1 $100 $1,000 2 $300 $100 3 $400 $50 4 $700 $50