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 $15,000, and that for the pulley system is $20,900. The firm's cost of capital is 14.75%. After-tax cash flows, including depreciation, are as follows:

Year Truck Pulley

1 $5,250 $8,100

2 $5,250 $8,100

3 $5,250 $8,100

4 $5,250 $8,100

5 $5,250 $8,100

Calculate MIRR of truck project and Pully project

Answer is either:

a). 22.53% and 19.80%

b).18.62% and 21.06%

c). 16.94% and 24.85%

d). 18.62% and 20.22%

e). 14.52% and 21.48%