Oriole Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive, and the cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses a 8 percent discount rate for production system projects. Year 0 1 2 3 System 1 -$12,800 12,800 12,800 12,800 System 2 -$42,700 NPV of System 1 is $ 33,100 33,100 33,100 Calculate NPV. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Do not round discount factors. Round other intermediate calculations and final answers to 2 decimal places, e.g. 15.25.) and NPV of System 2 is $

Oriole incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive, and the cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses a 8 percent discount rate for production system projects. Calculate NPV. (Enter negative amounts using either a negative sign preceding the number es -45 or parentheses es. (45). Do not round discount foctors. Round other intermediate calculations and final answers to 2 decimal places, es. 15.25.) NPV of System 1 is $ and NPV of System 2 is \$