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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 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 12 percent discount rate for all projects. Year o Year 1 Year 2 Year 3 Otis Forklifts $-3.133,450 $959,225 $1,354,886 $2,100,497 Craigmore Forklifts $-4.135.410 $884,236 $1,748,225 $2,849,110 Calculate net present value (NPV). (Enter negative amounts using negative signe.g. -45.25. Do not round Discount factors. Round other intermediate calculations and final answers to 0 decimal places, eg. 1,525.) NPV Otis forklift $ $ Craigmore Forklifts Determine which forklift system should be purchased. forklift system should be purchased
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