d. What is the project's IRR? 10-6. (NPV, PI, and IRR calculations) You are considering two independent projects project A and project B. The initial cash outlay associated with project A is $50,000, and the initial cash outlay associated with project Bis $70,000. The required rate of return on both projects is 12 percent. The expected annual free cash inflows from each project are as follows: PROIECT Initial outlay -$50,000 - 570.000 Inflow year 1 12.000 11.000 12.000 13.000 Inflow year 12.000 13.000 Intlow year 4 12.000 13.000 Infow ya 5 12.000 13,000 Intious ar 6 12.000 13.000 Calculate the NPV. PI, and IRR for each project and indicate if the project should be accepted