The Management of Oriole 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. Otis Forklifts Craigmore Forklifts Year 1 Year 2 $-3,109,450 $1,345,886 $2,108,497 $985,225 $-4,148,410 $867,236 $1,770,225 $2,864,110 Otis forklift Year 0 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 O decimal places, e.g. 1,525.) NPV $ Craigmore Forklifts $ Determine which forklift system should be purchased. Year 3 forklift system should be purchased.

Whe Management of Oriole Munufacturing Company is evaluating twa forkitt spitens to ene ir its pline that produces the tispers for a for al projects. Betermine which forksin syitein ahouds be purthast. forkift wntem hould be purchaed