1. Calculate the IRR of the following cash flows: Project 1, i=3% Month Project 2, i=1% Month Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Cash flow for the month -12000 -15500 -24000 -28500 -6800 9750 18278 26760 19520 24700 18900 22200 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Cash flow for the month -14900 -16500 -25000 -29500 -7800 8750 17278 25760 18520 23700 17900 21200 (Express your answer in percentages from 0% to 100%) 0.12 --> 12% 0.012--> 1.2% 0.0012 --> 0.12%