Sandhill 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.

Calculate NPV and IRR of two projects. $($Enter negative amounts using negative sign, e$.$g$.-45\mathrm{.}25.$ Do not round discount factors. Round other

intermediate calculations and final answers to $0$ decimal places, e$.$g$.1,525.$ Round IRR answers to $3$ decimal places, e$.$g$.15\mathrm{.}251$ or $12\mathrm{.}251\%.)$

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?

Sandhill Corp. should accept