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

1. Calculate the IRR for each project. Round your answers to two decimal places.
2. Truck: %
4. What is the correct accept/reject decision for this project?
7. Pulley: %
9. What is the correct accept/reject decision for this project?
10. -
12. 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.
13. Truck: $
15. What is the correct accept/reject decision for this project?
18. Pulley: $
20. What is the correct accept/reject decision for this project?
23. Calculate the MIRR for each project. Round your answers to two decimal places.
24. Truck: %

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

Pulley: %

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