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The Management of Carla Vista Manufacturing Company is evaluating two forklift systems to use in its plant that produces the towers for a windmill power

The Management of Carla Vista 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 12 percent discount rate for all projects. Year 0 Year 1 Year 2 Year 3 Otis Forklifts $-3,127,450 $964,225 $1,358,886 $2,112,497 Craigmore Forklifts $-4,133,410 $860,236 $1,766,225 $2,879,110 NPV Otis forklift $320,395 Craigmore Forklifts $91,976 Compute the IRR for each of the two systems. (Round intermediate calculation to 0 decimal places, e.g. 1,525 and final answers to 2 decimal places, e.g. 15.10%.)

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