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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.

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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. 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: Pulley $7,500 7,500 7,500 7,500 7,500 Year Truck $5,100 5,100 5,100 5,100 5,100 2 4 5 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: $

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