Current Attempt in Progress Cullumber Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive, and the cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses a7 percent discount rate for production systems. Year System 1 System 2 -$49,081 0 -$12.880 1 13.030 34,100 2 13.030 34.100 3 13,030 34.100 Compute the IRR for both production system 1 and production system 2. (Do not round intermediate calculations. Round answers to 2 decimal places, eg. 15.25%) IRR of system 1is 85.25 % and IRR of system 2 is 48.00 % IRR of system 11 85.25 % and IRR of system 2 is 48.00 % Which has the higher IRR? System has higher IRR Compute the NPV for both production system 1 and production system 2. (Do not round Intermediate calculations, Round answers to 2 decimal places, cg. 15.25.) NPV of system 1 is $ and NPV of system 2$ Which production system has the higher NPV? has higher NPV