View Policies Current Attempt in Progress Crane 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. Year 0 1 2 Project 1 -$1,234,524 268,000 383,000 431,000 468,000 755,000 Project 2 $1,285,424 366,000 366,000 366,000 366,000 366,000 3 4. 5 Calculate NPV and IRR of two projects. (Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525. Round IRR answers to 2 decimal places, e.g. 15.25 or 12.25%.) 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? Crane Corp. should accep project 2 project 1 neither project e Textbook and Media