Consider the following cash flows of two mutually exclusive projects for Tadcaster Rubber Company. Assume the discount rate for Tadcaster Rubber Company is 9 per cent. Year Dry Prepreg ($) Solvent Prepreg ($) 0 (550,000) (350,000) 1 340,000 220,000 2 230,000 332,000 3 640,000 109,000 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 (b) Which project should be taken? Dry prepreg 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 % % (b) Which project should be taken? (Click to select)