Question: Use step by step without excel. 13-22 Olsen Engineering is considering including two pieces of equipment-a truck and an overhead pulley system-in this year's capital

Use step by step without excel.  Use step by step without excel. 13-22 Olsen Engineering is considering

13-22 Olsen 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 $22,430, and for the pulley system it is $17,100. Each piece of equipment has an estimated life of five years. The ck is $7,500, and for the pulley it is $5,100. The firm's required rate of return is 14 percent. Cal culate the NPV, IRR, MIRR, PB, and DPB for each project. Indicate which project(s) should be accepted

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