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Jekyll & Hyde Corp. is evaluating two mutually exclusive projects. The cost of capital is 15 percent. Costs and cash flows are given in

 

Jekyll & Hyde Corp. is evaluating two mutually exclusive projects. The cost of capital is 15 percent. Costs and cash flows are given in the following table. Year Project 1 Project 2 0 -$1,276,369 -$1,164,680 1 270,450 338,030 2 348,460 338,030 3 471,960 338,030 4 506,200 338,030 5 729,300 338,030 Calculate NPV and IRR of two projects. (Enter negative amounts using negative sign, e.g.- 45.25. Round answer 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? Jekyll and Hyde Corp. should accept neither project project 1 project 2

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