Jekyll & Hyde Corp. is evaluating two mutually exclusive projects. The cost of capital is 15 percent. Costs and cash flows are given in the following table.

Year		Project 1		Project 2
0		-$1,184,791		-$1,202,085
1		227,350		344,610
2		347,585		344,610
3		412,740		344,610
4		535,400		344,610
5		729,075		344,610

Calculate NPV and IRR of two projects. (Enter negative amounts using negative sign, e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25 or 12.25%.)

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?

Jekyll and Hyde Corp. should accept

project 2 or project 1 or neither project