Question: The Management of Sunland Manufacturing Company is evaluating two forklift systems to use in its plant that produces the towers for a windmill power

The Management of Sunland Manufacturing Company is evaluating two forklift systems to use in its plant that produces the toweDetermine which forklift system should be purchased. forklift system should be purchased. 

The Management of Sunland 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 11 percent discount rate for all projects. Otis Forklifts Craigmore Forklifts Year O Otis forklift $-3,141,450 $-4,128,410 NPV $ Year 1 Craigmore Forklifts $ $999,225 $885,236 Calculate net present value (NPV). (Enter negative amounts using negative sign e.g. -45.25. Do not round Discount factors. Round other intermediate calculations and final answers to O decimal places, e.g. 1,525.) Year 2 $1,342,886 $1,765,225 Year 3 $2,108,497 $2,882,110 Determine which forklift system should be purchased. forklift system should be purchased.

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