NPVs$,$ IRRs, and MIRRs for Independent Projects

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:

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.