Olsen 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 $$22,340,$ and for the pulley system it is $$17,100.$ Each piece of equipment has an estimated life of $5$ years. The annual after$-$tax cash flow expected to be provided by the truck is $$7,500$ per year, and for the pulley it is $$1,500.$ The firm's required rate of return is $14\%.$

Calculate the NPV$,$ IRR, MIRR, the traditional payback $($PB$)$ period, and the discounted payback $($DPB$)$ period for each project. Indicate

P$9-7$ Olsen 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 $$22,430,$ and for the pulley system it is $$17,100.$ Each piece of equipment has an estimated life of five years. The annual after$-$tax cash flow expected to be provided by the truck is $$7,500,$ and for the pulley it is $$5,100.$ The firm's required rate of return is $14$ percent. Calculate the NPV$,$ IRR, MIRR, the traditional payback $($PB$)$ period, and the discounted payback $($DPB$)$ period for each project. lindicate which project$($s$)$ should be accepted. which project$($s$)$ should be accepted.