Question: Hello! Having trouble with the formula, can someone please write out the formula or show me how to calculate in Excel? Thanks! NPVs, IRRs, and

Hello! Having trouble with the formula, can someone please write out the formula or show me how to calculate in Excel? Thanks!

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 $15,000 and that for the pulley system is $21,000. The firm's cost of capital is 11%. After-tax cash flows, including depreciation, are as follows:

Year	Truck	Pulley
1	$5,100	$7,500
2	5,100	7,500
3	5,100	7,500
4	5,100	7,500
5	5,100	7,500

Calculate the MIRR for each project. Round your answers to two decimal places.

Truck: % What is the correct accept/reject decision for this project? -Select-Accept or Reject

Pulley: % What is the correct accept/reject decision for this project?

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