Management of Larsen 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 percent. Compute the IRRs based on the cash flows in the following table. Which project(s) will be accepted?

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Project 1 Project 2 Year S(475,000) S(500,000) 300,000 117,500 110,000 181,300 125,000 244,112 4 140,000 278,955 3.