Current Attempt in Progress The Management of Blossom Manufacturing Company is evaluating two forklift systems...
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Current Attempt in Progress The Management of Blossom Manufacturing Company is evaluating two forklift systems to use in its plant that produces the towers for a windmill power farm. The costs and the cash flows from these systems are shown below. The company uses a 8 percent discount rate for all projects Year o Year 1 Year 2 Year 3 Otis Forklifts $-3,104,450 $991,225 $1,376,886 $2,117,497 Craigmore Forklifts $-4.153.410 $856,236 $1,747,225 $2,878,110 Calculate net present value (NPV). (Enter negative amounts using negative signe.g.-45.25. Do not round Discount factors. Round other intermediate calculations and final answers to decimal places, eg. 1,525.) NPV Otis forklift $ Craigmore Forklifts $ Determine which forklift system should be purchased. forklift system should be purchased
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