Billabong Tech uses the internal rate of return (IRR) to select projects. Calculate the IRR for each of the following projects and recommend the best project based on this measure. Project T-Shirt requires an initial investment of $12,500 and generates cash inflows of $6,000 per year for 4 years. Project Board Shorts requires an initial investment of $27,833 and produces cash inflows of $14,000 per year for 5 years. The IRR of project T-Shirt is \%. (Round to two decimal places.) NPV Calculate the net present value (NPV) for a 30 -year project with an initial investment of $30,000 and a cash inflow of $4,000 per year. Assume that the firm has an opportunity cost of 12%. Comment on the acceptability of the project. The project's net present value is $ (Round to the nearest cent.)