1) (3 pts) A project requires an upfront cost of $540,000 and produces after-tax cash flows of $150,000 in year 1,$220,000 in year 2,$300,000 in year 3. Calculate the IRR of the following project if the appropriate required return is 12%. Based on the information given, should the project be accepted? IRR= Should the project be accepted? (yes or no) (3 pts) A project requires an upfront cost of $380,000 and produces after-tax cash flows of $110,000 in year 1,$130,000 in year 2,$140,000 in year 3 , and $130,000 in year 4 . Calculate the NPV of the followin project if the appropriate required return is 9%. Based on the information given, should the project be accepted