Hi can you answer this question please

Cash Flows First Project Second Project ($ in millions) ($ in millions) Initial Outlay 1 000 1 000 Year 1 0 450 Year 2 50 350 Year 3 100 300 Year 4 200 200 Year 5 1,500 100 IRR ? ? NPV ? ? ... Q10 ABC company wants to evaluate two investment proposals. The first involves significant effort in new product development. The initial cost is $ 1 billion, and the company expects the project to generate relatively meagre cash flows in the first four years, followed by a big payoff in year 5. The second investment is a significant marketing campaign to attract new customers. It too has an initial outlay of $1 billion, but it generates substantial cashflows almost immediately, and lower level of cash flows in the later years. As a financial analyst working for the ABC company calculate each project's IRR and NPV if the required rate of return is 10%. Which project will you recommend to the management of the company? Why