Consider the following cash flows of two mutually exclusive projects for Tadcaster Rubber Company. Assume the discount rate for Tadcaster Rubber Company is 10 per cent. Year Dry Prepreg ($) Solvent Prepreg ($) 0 (600,000) (400,000) 123 380,000 240,000 250,000 362,000 720,000 119,000 Requirement 1: (a)Calculate the NPV. (Do not include the dollar sign ($). Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Dry prepreg Solvent prepreg Net present value 6A 69 (b)Which project should be taken? (Click to select) Requirement 2: (a)Calculate the IRR. (Do not include the per cent sign (%). Round your answers to 2 decimal places (e.g., 32.16).) Dry prepreg Solvent prepreg Internal rate of return 96 % (b)Which project should be taken? (Click to select)