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

 Jekyll & Hyde Corp. is evaluating two mutually exclusive projects. The

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 -$1,220,619 -$1,318,371 1 231,975 383,005 2 349,160 383,005 3 489,645 383,005 4 527,400 383,005 5 719,850 383,005 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

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