Vandelay Industries is considering two project alternatives. The first project costs $24.000 to start today and will generate cashflows of $9,000 for the next three years. The second project costs $30,000 to start today and will generate a cashflow of $28,000 for one year and cashflows of $1,700 for three additional years. Assume a required return of 7%. What is the NPV and IRR of the first project? What is the NPV and IRR of the second project? Which project should be chosen