Ivanhoe 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 -$1,291,014 269,000 346,000 407,000 519,000 799,000 NPV of project 1 is $ NPV of project 2 is $ IRR of project 1 is Project 2 -$1,324,281 IRR of project 2 is 385,000 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%.) 385,000 Ivanhoe Corp. should accept 385,000 385,000 385,000 Which project should be accepted? % %