Consider a manufacturing company evaluating two investment projects: Project A requires an initial investment of $500,000 and generates cash flows of $200,000 per year for 5 years. Project B requires an initial investment of $750,000 and generates cash flows of $300,000 per year for 7 years. Using a discount rate of 10%, calculate the net present value (NPV) and internal rate of return (IRR) for each project. Discuss the findings and recommend the project with the highest potential for value creation.