Cullumber Corp. management is evaluating two mutually exclusive projects. The cost of capital is 15 percent. Costs and cash flows for each project are given in the following table. Year 0 1 2 3 4 5 Project 1 -$1,266,016 263,000 358,000 416,000 547,000 721,000 NPV of project 1 is $ NPV of project 2 is $ IRR of project 1 is Project 2 -$1,209,606 IRR of project 2 is 345,000 Calculate NPV and IRR of two projects. (Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answers to O decimal places, e.g. 1,525. Round IRR answers to 3 decimal places, e.g. 15.251 or 12.251%.) 345,000 Cullumber Corp. should accept 345,000 345,000 345,000 Which project should be accepted? % %

Cullumber Corp, management is evaluating two mutually exclusive projects. The cost of capital is 15 percent. Costs and cash flows for each project are given in the following table: Calculate NPV and IRR of two projects. (Enter negotive amounts using negative sign, es. 45.25. Do not round discount foctors. Round other intermediate calculations and final answers to 0 decimal ploces, e.s. 1.525. Round IRR answers to 3 decimal ploces, eg. 15.251 or 12.251\%.) NPV of project 1 is NPV of project 2 is \$ IRR of project 1 is IRR of project 2 is % Which project should be accepted? Cullumber Corp. should accept