The Management of Cullumber 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 11 percent discount rate for all projects.

		Year 0		Year 1		Year 2		Year 3
Otis Forklifts		$-3,104,450		$961,225		$1,358,886		$2,114,497
Craigmore Forklifts		$-4,123,410		$893,236		$1,754,225		$2,862,110

		NPV
Otis forklift		$410,522
Craigmore Forklifts		$197,825

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%.)