The Management of Blossom 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 $-3,143,450 $959,225 $1,338,886 $2,091,497 Craigmore Forklifts $-4,157,410 $855,236 $1,745,225 $2,845,110 NPV Otis forklift $552,898 Craigmore Forklifts $389,264 Compute the IRR for each of the two systems. (Round intermediate calculation to O decimal places, e.g. 1,525 and final answers to 2 decimal places, e.g. 15.10%.) Otis forklift Craigmore Forklifts IRR % Is the investment decision different from the one determined by NPV? The investment decision is from the one determined by NPV. Save for Later