CENGAGE | MINDTAP Q Search this course Problem Set 2 X 11. Problem 10-08 (NPVs, IRRs, and MIRRs for Independent Projects) eBook 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 Truck Pulley $5,100 $7,500 N 5,100 7,500 3 5,100 7,500 4 5,100 7,500 5 5,100 7,500 Calculate the IRR, the NPV, and the MIRR for each project, and indicate the correct accept/reject decision 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, if any. Truck Pulley Value Decision Value Decision IRR % -Select- v -Select- v $ NPV -Select- v -Select- v MIRR -Select- v -Select- v Grade it Now Save & Continue Continue without saving