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 %