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 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:

Calculate the IRR, the NPV, and the MIRR for each project, and indicate the correct accept-reject decision for each?

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Truck $5,100 5,100 5,100 5,100 5,100 Year Pulley $7,500 7,500 7,500 7,500 7,500 4