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 $15,000 and that for the pulley system is $21,000. The firm's cost of capital is 11%. After-tax cash flows, including depreciation, are as follows:

YearTruckPulley1$5,100$7,50025,1007,50035,1007,50045,1007,50055,1007,500

1. Calculate the IRR for each project. Round your answers to two decimal places.
2. Truck:%
4. What is the correct accept/reject decision for this project?
5. -Select-
6. Accept
7. Reject
8. Item 2
10. Pulley:%
12. What is the correct accept/reject decision for this project?
13. -Select-
14. Accept
15. Reject
16. Item 4
18. Calculate the NPV for each project. Round your answers to the nearest dollar, if necessary. Enter each answer as a whole number. For example, do not enter 1,000,000 as 1 million.
19. Truck: $
21. What is the correct accept/reject decision for this project?
22. -Select-
23. Accept
24. Reject
25. Item 6
27. Pulley: $
29. What is the correct accept/reject decision for this project?
30. -Select-
31. Accept
32. Reject
33. Item 8
35. Calculate the MIRR for each project. Round your answers to two decimal places.
36. Truck:%
38. What is the correct accept/reject decision for this project?
39. -Select-
40. Accept
41. Reject
42. Item 10
44. Pulley:%
46. What is the correct accept/reject decision for this project?
47. -Select-
48. Accept
49. Reject
50. Item 12