Extracted text: NPVS, IRRS, and MIRRS for Independent Projects Edelman Engineering is considering including tvwo 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 $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 IRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Truck: % What is the correct accept/reject decision for this project? Based on the IRR, this project should be -Select- Pulley: % What is the correct accept/reject decision for this project? Based on the IRR, this project should be -Select- Calculate the NPV for each project. Do not round intermediate calculations. Round your answers to the nearest dollar. Use a minus sign to enter negative values, if any. Truck: $ What is the correct accept/reject decision for this project? Based on the NPV, this project should be -Select- Pulley: $ What is the correct accept/reject decision for this project? Based on the NPV, this project should be -Select- Calculate the MIRR for each project. Do not round intermediate calculations. Round your answers to two decimal places. Truck: % What is the correct accept/reject decision for this project? Based on the MIRR, this project should be -Select- Pulley: % What is the correct accept/reject decision for this project? Based on the MIRR, this project should be -Select-