A company has been presented with the two investment opportunity. Project 1: The investment outlay is expected to be $275,000 in Year 0. After that, the project is expected to earn operating cash flows of $90,000 per year for the next 4 years. Project 2: The investment outlay is expected to be $265,000 in Year 0. After that, the project is expected to earn operating cash flows of $85,000 per year for the next 4 years. If your cost of capital is 8%, what are the NPV and IRR for both projects? Using the projects in the previous question (#15), what should the firm do if the projects are independent? What should they do if the projects are mutually exclusive? Explain