Rick Barr Properties is analyzing two mutually exclusive projects, A and $B,$ whose cash flows are shown below:

Years

A

A

B

$0$

$-2,200,000$

$-2,200,000$

$1$

$1,050,000$

$300,000$

$2$

$775,000$

$550,000$

$3$

$575,000$

$1,050,000$

$4$

$475,000$

$1,277,000$

Rick Barr Properties' required rate of return is $12\%.$ What is the IRR and NPV for each project?

Which project$($s$)$ should the firm accept?