Sunland Mills management is evaluating two alternative heating systems. Costs and projected energy savings are given in the following table. The firm uses 11.50 percent to discount such project cash flows. Year System 100 System 200 O -$2,334,100 -$1,847,200 1 279,710 869,100 2 398,330 474,200 3 616,340 650,500 4 912,600 428,200 What is the NPV of the systems? (Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors and intermediate calculations. Round final answers to O decimal places, e.g. 5,275.) NPV of system 100 is NPV of system 200 is $ Which system should be chosen? Sunland should chooseManagement of Blossom Automotive, a manufacturer of auto parts, is considering investing in two projects. The company typically compares project returns to a cost of funds of 17.00 percent. Year Project 1 Project 2 O - $507,039 - $539,778 1 317,000 126,750 2 102,000 170,170 3 130,500 265,700 4 131,000 274,050 Compute the IRRs based on the cash flows. Which project(s) will be accepted? (Round final answer to 2 decimal places, e.g. 15.25%.) The IRR of project 1 is 16 % and the project should be rejected v The IRR of project 2 is 17 % and the project should be rejected vMichael Jones has $2,300 to invest. His brother approached him with an investment opportunity that could double his money in 5 years. What interest rate would the investment have to yield in order for Michael's brother to deliver on his promise? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.) Expected rate of return %