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 0 1 2 3 Solvent Prepreg ($) Dry Prepreg ($) (675,000) (475,000) 440,000 270,000 280,000 407,000 840,000 134,000 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? (Click to select) v Requirement 2: (a)Calculate the IRR. (Do not include the per cent sign (%). Round your answers to 2 decimal places (e.g., 32.16).) Internal rate of return % Dry prepreg Solvent prepreg % (b)Which project should be taken? (Click to select)