PRINTER VERSION BACK NOITE Problem 10.35 Crane Corpmanagement 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 Project 1 Project 2 $1,308,961 -$1,198,212 257,000 344,000 363,000 344,000 425,000 344,000 520,000 344,000 761,000 344,000 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 answer to o decimal places, e.g. 1,525. Round IRR answers 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 a neither project project 2 project 1 Crane Corp. should accept