1: NPV and IRR Analysis The after-tax cash flows for two mutually exclusive projects have been estimated, and the following information has been provided: The companys required rate of return is 14 percent, and it can get unlimited funds at that cost. What is the IRR of the better project? (Hint: Note that the better project might not be the one with the higher IRR.) Question 2: Payback, NPV, and IRR Project K has a cost of $52,125, and its expected net cash inflows are $12,000 per year for eight years. a. What is the projects payback period (to the closest year)? b. If the required rate of