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The Management of Sheridan Manufacturing Company is evaluating two forklift systems to use in its plant that produces the towers for a windmill power farm.

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The Management of Sheridan 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. Year 0 Year 1 Year 2 Year 3 $-3.143,450 5991.225 Otis Forklifts Craigmore Forklifts $1.359.886 $2,095,497 $-4.141410 $869.236 $1,751.225 $2.874,110 Calculate net present value (NPV): (Enter negative amounts using negative signes -4525. Do not round Discount factors. Round other Intermediate calculations and final answers to decimal places, eg. 1.525.) NPV Otis forklift Craigmore Forklifts Determine which forklift system should be purchased forklift system should be purchased

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