Problem 10.35 Crane 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 Project 1 Project 2 0 $1,311,723 -$1,306,190 230,000 374,000 342,000 374,000 470,000 374,000 519,000 374,000 750,000 374,000 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 accepted? Crane Corp. should accept Click if you would like to Show Work for this question: Open Show Work