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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 $5100 $7500

2 $5100. $7500

3 $5100. $7500

4 $5100 $7500

5 $5100 $7500

Calculate the IRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Truck: % What is the correct accept/reject decision for this project? Based on the IRR, this project should be -Select- . Pulley: % What is the correct accept/reject decision for this project? Based on the IRR, this project should be -Select- . Calculate the NPV for each project. Do not round intermediate calculations. Round your answers to the nearest dollar. Use a minus sign to enter negative values, if any. Truck: $ What is the correct accept/reject decision for this project? Based on the NPV, this project should be -Select- . Pulley: $ What is the correct accept/reject decision for this project? Based on the NPV, this project should be -Select- . Calculate the MIRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Truck: % What is the correct accept/reject decision for this project? Based on the MIRR, this project should be -Select- . Pulley: % What is the correct accept/reject decision for this project? Based on the MIRR, this project should be -Select- .

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