NEED ANSWERS ASAP.

11. Problem 10-08 (NPVs, IRRs, and MIRRs for Independent Projects) NPVs, IRRs, and MIRRs for Independent Projects Edelman Engineering is considering including two pleces 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, Do not round intermediate calculations, Round the monetary values to the nearest dollar and percentage values to two decimal places. Use a minus sign to enter negative values, if any. Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another 10 years. It is inefficient compared to modem standards, though, and so the company is considering replacing it. The new milling machine, at a cost of $100,000 delivered and installed, would also last for 10 years and would produce after-tax cash flows (labor savings and depreciation tax savings) of $18,600 per year. It would have zero salvage value at the end of its life. The project cost of capital is 11%, and its marginal tax rate is 25%. Should Chen buy the new machine? Do not round intermediate caiculations, Round your answer to the nearest cent. Negative value, if any, should be indicated by a minus sign. The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $870,000, and it would cost another $20,500 to install it. The machine falls into the MACRS 3-year class, and it would be sold after 3 years for $494,000. The MACRS rates for the first three years are 0.3333, 0.4445 , and 0.1481 . The machine would require an increase in net working capital (inventory) of $15,000. The sprayer would not change revenues, but it is expected to save the firm $349,000 per year in before-tax operating costs, mainly labor. Campbell's marginal tax rate is 25%. (Ignore the half-year convention for the straightline method.) Cash outflows, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest dollar. a. What is the Year- 0 net cash flow? s b. What are the net operating cash flows in Years 1,2 , and 3 ? Year 1:$ Year 2:$ Year 3;$ c. What is the additional Year-3 cash flow (i.e, the after-tax salvage and the return of working capital)? s d. If the project's cost of capital is 14%, what is the NPV of the project? 5 Should the machine be purchased? Yes or No