Management of Blossom Measures, Inc., is evaluating two independent projects. The company uses a 12.40 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year 0 1 2 Project 1 - $8,699,246 2.915,290 1,648,190 1,343,400 1,287,600 1.237.780 1.596,240 1,382,290 Project 2 - $12,008,030 2,005,830 3,964,290 3,142,080 4,280,300 4,921,480 3 4 5 6 7 a. What are the IRRs for the projects? (Round final answer to 2 decimal places, eg. 15.25%) % The IRR of Project 1 is %, and the IRR of Project 2 is b. Does the IRR criterion indicate a different decision than the NPV criterion