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		$-3,108,450		$994,225		$1,357,886		$2,093,497
Craigmore Forklifts		$-4,146,410		$894,236		$1,756,225		$2,877,110

		NPV
Otis forklift		$638,182
Craigmore Forklifts		$471,209

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%.)

		IRR
Otis forklift		enter percentages rounded to 2 decimal places %
Craigmore Forklifts		enter percentages rounded to 2 decimal places %

Is the investment decision different from the one determined by NPV?