Back to Assignment Attempts Keep the Highest/12 11. Problem 10-08 (NPVS, IRRs, and MIRRs for Independent Projects) elbook NPVS, IRRS, and MIRRs for Independent Projects 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 $18,000, and that for the pulley system is $22,000. The firm's cost of capital is 14%. After-tax cash flows, including depreciation, are as follows: Year 1 2 3 4 Truck $5,100 5,100 5,100 5.100 5.100 Pulley $7,500 7,500 7,500 7,500 7,500 Calculate the IRR, the NPV, and the MIRR for each project, and indicate the correct accept/reject dechilon for each. Do not round Intermediate calculations. Round the monetary values to the nearest dollar and percentage values to two decimal places. Use a minus sign to enter negative values, any. Truck Pulley Value Value IRR 96 Decision Select Select Select % NPV $ Decision Select Select Selecta MIRR 96 96 Grade It Now Save & Continue Continue without saving