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		$-3,133,450		$975,225		$1,339,886		$2,122,497
Craigmore Forklifts		$-4,129,410		$869,236		$1,779,225		$2,858,110

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 answers to 0 decimal places, e.g. 1,525.)

		NPV
Otis forklift		$enter a dollar amount rounded to 0 decimal places
Craigmore Forklifts		$enter a dollar amount rounded to 0 decimal places

Determine which forklift system should be purchased.