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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

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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. 1 Year Project 1 Project 2 0 $1,257,304 $1,287,301 266,000 372.000 2 352.000 372,000 3 471,000 372,000 4 535,000 372,000 5 689,000 372,000 Calculate NPV and IRR of two projects. (Enter negative amounts using negative sign, eg.-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 %

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