Management of Carla Vista Measures, Inc., is evaluating two independent projects. The company uses a 11.17...

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Management of Carla Vista Measures, Inc., is evaluating two independent projects. The company uses a 11.17 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year Project 1 0 1 2 3 4 5 6 7 Project 2 - $8,505,510 - $12,099,884 3,181,090 1,686,890 1,246,100 1,199,700 1,332,980 1,573,840 1,499,590 a. What are the IRRs for the projects? (Round final answer to 2 decimal places, e.g. 15.25%.) The IRR of Project 1 is 2,007,430 4,140,190 2,909,880 4,352,500 4,997,880 + %, and the IRR of Project 2 is b. Does the IRR criterion indicate a different decision than the NPV criterion? %. Management of Carla Vista Measures, Inc., is evaluating two independent projects. The company uses a 11.17 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year Project 1 0 1 2 3 4 5 6 7 Project 2 - $8,505,510 - $12,099,884 3,181,090 1,686,890 1,246,100 1,199,700 1,332,980 1,573,840 1,499,590 a. What are the IRRs for the projects? (Round final answer to 2 decimal places, e.g. 15.25%.) The IRR of Project 1 is 2,007,430 4,140,190 2,909,880 4,352,500 4,997,880 + %, and the IRR of Project 2 is b. Does the IRR criterion indicate a different decision than the NPV criterion? %.