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2. Consider the two mutually exclusive investment alternatives in following table. Year Project 1 |Project 2 -$16,000 -$20,000 $7,500 $7,500 $7,500 $11,000 $7,500 $9,000 IRR 19.19% 17.19% (a) Figure the cash flows of the incremental project to compare Project 1 and Project 2. (b) Figure an interval for the IRR of the incremental project. Use trial and error method. Hint: the IRR of the incremental project is less than 14 (The range of the interval cannot be greater than 3%, for example: 5%