Question: Not with excel or financial calc please 2. Edelman Engineering is considering including two pieces of equipment: a TRUCK and an OVERHEAD pulley system, in

 Not with excel or financial calc please 2. Edelman Engineering is

Not with excel or financial calc please 2. 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: Year Truck 1 $7,100 2 7,100 3 7,100 4 7,100 Pulley $8,500 9,500 10,500 8,500 A. What is the Pay Back period of the projects? State the accept/reject decision. B. What is the NPV of the projects? C. What is the IRR of the projects

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