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Question 14 of 30 Current Attempt in Progress -/0.35 E: The Management of Ivanhoe Manufacturing Company is evaluating two forklift systems to use in
Question 14 of 30 Current Attempt in Progress -/0.35 E: The Management of Ivanhoe Manufacturing Company is evaluating two forklift systems to use in its plant that produces the towers for a windmill power farm. The costs and the cash flows from these systems are shown below. The company uses a 11 percent discount rate for all projects. Year 0 Year 1 Year 2 Year 3 Otis Forklifts $-3,142,450 $969,225 $1,378,886 $2.109,497 Craigmore Forklifts $-4,149,410 $891,236 $1.757,225 $2.857,110 Otis forklift Craigmore Forklifts NPV $392.307 $168,802 Compute the IRR for each of the two systems. (Round intermediate calculation to O decimal places, eg. 1.525 and final answers to 2 decimal places, es. 15.10%) IRRI Otis forklift
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