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Management of Carla Vista Measures, Inc., is evaluating two independent projects. The company uses a 13.41 percent discount rate for such projects. The costs and

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Management of Carla Vista Measures, Inc., is evaluating two independent projects. The company uses a 13.41 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year 0 1 Project 1 - $8,229,814 3,206,990 1,632,490 1,415,100 1,198,600 1,247,880 1,446,240 1,458,290 Project 2 - $11,530,363 2,097,030 3,642,390 3,016,580 3,826,000 4.980,580 7 a. What are the IRRs for the projects? (Round final answer to 2 decimal places, e.g. 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

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