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 10 percent discount rate for all projects.

		Year 0		Year 1		Year 2		Year 3
Otis Forklifts		$-3,142,450		$963,225		$1,366,886		$2,118,497
Craigmore Forklifts		$-4,121,410		$892,236		$1,760,225		$2,876,110

		NPV
Otis forklift		$454,525
Craigmore Forklifts		$305,309

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?

The investment decision is select an option different same from the one determined by NPV.