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 $19,000 and that for the pulley system is $20,000. The firm's cost of capital is 12%. After-tax cash flows, including depreciation, are as follows:

Year Truck Pulley

1 $5,100 $7,500

2 $5,100 $7,500

3 $5,100 $7,500

4 $5,100 $7,500

5 $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- accpt or reject

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- accpt or reject

Pulley: $

What is the correct accept/reject decision for this project?

-Select- accpt or reject

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- accpt or reject