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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 $17,100, and that for the pulley system is $22,430. The firm's cost of capital is 14%. After-tax cash flows, including depreciation, are as follows: Calculate the IRR, the NPV, and the MIRR for each project, and indicate the correct accept/reject decision for each. Problem 12-8 NPVs, IRRs, and MIRRs for Independent Projects Suppose the values for this problem change to: Cash Outlay for Truck: $16336 Cost of Capital: 13.5% What is the modified internal rate of return for the truck project? Round your solution to one decimal and omit the percentage sign, i.e. you would enter $12.3456% as 12.3