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 9 percent discount rate for all projects.

		Year 0		Year 1		Year 2		Year 3
Otis Forklifts		$-3,127,450		$978,225		$1,345,886		$2,091,497
Craigmore Forklifts		$-4,149,410		$867,236		$1,753,225		$2,875,110

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

Compute the IRR for the following project cash flows: a. An initial outlay of $2,616,807 followed by annual cash flows of $472,790 for the next eight years. (Round final answer to 2 decimal places, e.g. 15.25%.)

IRR of the project is %.

b. An initial investment of $42,722 followed by annual cash flows of $11,270 for the next five years. (Round final answer to 2 decimal places, e.g. 15.25%.)

IRR of the project is

%

c. An initial outlay of $13,398 followed by annual cash flows of $2,880 for the next seven years. (Round final answer to 2 decimal places, e.g. 15.25%.)

IRR of the project is

%