These are the cash flows for two projects. Calculate the NPV and IRR for both. Then select the best project according to the NPV measure. Use a WACC of 10% for both projects. The investments are 7 for project 1, and 8 for project 2.

Cash flows for project 1

year	1	2	3	4
cash	4	6	2	4

Cash flows for project 2

year	1	2	3	4
cash	3	2	7	4

Calculate the NPV for project 1. Remember to use 10% as the WACC.

Calculate the IRR for project 1. Remember the WACC is 10%. Give the answer in percent.

Calculate the NPV for project 2, use a 10% WACC.

Calculate the IRR for project 2, write the result in percent.

According to the NPV criterion, which is the best project to invest in?