Edelman Engineering is co

Edelman Engineering is co

Edelman Engineering is considering including two pieces of equipment, a truck and an overhead pulley system, in this year?s capital budget. The projects are independent. The cash outlay for the truck is $17,100 and for the pulley system is $22,430. The firm?s cost of capital is 14%. After tax cash flows, including depreciation, are as follows:Year                       Truck                     Pulley1                              5,100                     7,5002                              5,100                     7,5003                              5,100                     7,5004                              5,100                     7,5005                              5,100                     7,500Calculate The IRR, the NPV, and the MIRR for each project, and include the correct accept-reject decision.

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