Problem 10-08 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: Year Truck Pulley $5,100 $7,500 5,100 7,500 5,100 7,500 5,100 7,500 5,100 7,500 a. Calculate the IRR for each project. Round your answers to two decimal places. Truck: What is the correct accept/reject decision for this project? -Select- Pulley: What is the correct accept/reject decision for this project? -Select- b. 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. Truck: $ What is the correct accept/reject decision for this project? -Select- A Pulley: $ What is the correct accept/reject decision for this project? -Select- c. Calculate the MIRR for each project. Round your answers to two decimal places. Truck: What is the correct accept/reject decision for this project? -Select- Pulley: % What is the correct accept/reject decision for this project? -Select