Investment Net Profit Investment Net Profit PROJECT 1 PROJECT 2 ginning of 2022 $2,200,000 (52,200,000 $3,280.000 ($3,280,000) ginning of 2023 $300,000 $400,000 ginning of 2024 $650,000 $1,200,000 ginning of 2025 $975,000 $1,000,000 ginning of 2026 $1,230,000 $2,085,000 NPV (no infl) = NPV (no infl) = NPV (infl) = NPV (infl) = IRR = IRR = ROI (no infl) = ROI (infl) If projects are selected based on NPV, would you choose Project 1 or Project 2? If projects are selected based on IRR, would you choose Project 1 or Project 2? Not considering inflation, in which year is Project 1's investment recovered? Hint: Don't calculate! Use Not considering inflation, in which year is Project NPV formula a few ti 2's investment recovered