Crane Corp. management is evaluating two mutually exclusive projects. The cost of capital is 15 percent. Costs and cash flows for each project are given in the following table. Year 0 Project 1 -$1,190,556 225,000 1 2 315,000 Project 2 -$1,107,928 315,000 315,000 315,000 315,000 315,000 3 4 405,000 450,000 675,000 5 Calculate NPV and IRR of two projects. (Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525. Round IRR answers to 2 decimal places, e.g. 15.25 or 12.25%.) NPV of project 1 is $ NPV of project 2 is $ IRR of project 1 is % IRR of project 2 is % Which project should be accepted? Crane Corp. should accept