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(10-8)NPVs, IRRs, and MIRRs for Independent ProjectsEdelman 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 that for the pulley system is $22,430. The firm’s cost of capital is 14%. After-tax cash flows, including depreciation, are as follows:YearTruckPulley1 $5,100 $7,500 2 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 indicate the correct accept-reject decision for each.