As the director of capital budgeting for EFG Corporation, you are evaluating two mutually exclusive projects with the following net cash flows:

Project E Project F

Year Cash Flow Cash Flow

0 -$100,000 -$100,000

1 50,000 10,000

2 40,000 30,000

3 30,000 40,000

4 10,000 60,000

If EFGs cost of capital is 15 percent, What is the NPV and IRR of the better project, respectively??