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Self-Study Problem 10.01 The Management of Crane Manufacturing Company is evaluating two forklift systems to use in its plant that produces the towers for a

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Self-Study Problem 10.01 The Management of Crane 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 8 percent discount rate for all projects. Year 0 Year 1 Year 2 Year 3 Otis Forklifts Craigmore Forklifts $-4,148,410 $894,236 $1,750,225 $2,863,110 Calculate net present value (NPV). (Enter negative amounts using negative sign e.g. -45.25. Do not round Discount factors.Round other intermediate calculations and final $-3,112,450 $983,225 $1,373,886 $2,099,497 answers to O decimal places, e.g. 1,525) Otis forklift Craigmore Forklifts Determine which forklift system should be purchased forklift system should be purchased Click if you would like to Show Work for this question: Open Show Work

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