these answers are incorrect

NPVs and IRRs for Mutually Exclusive Projects Davis Industries must choose between a gas-powered and an electric-powered forkift truck for moving materiais in its factory. Because both farklifts perform the same function, the firm will choose only one. (They are mutually exclusive investments.) The electric-powered truck will cost more, but it will be less expensive to operate; it will cost $23,005, whereas the gas-powered truck will cost $17,100. The cost of capital that applies to both investments is 11%. The Ife for both types of truck is estimated to be 6 years, during which time the net cash flows for the electric-powered truck will be $6,500 per year, and those fo the gas-powered truck will be $4,750 per year. Annual net cash flows include depreciation expenses. Calculate the NPV and IRR for eech type of truck, and decide which to recommend. Do not round intermediate calculations. Round the monetory values to the nearest dollar and percentage values to two decimal places