Management of Crane Automotive, a manufacturer of auto parts, is considering investing in two projects. The company typically compares project returns to a cost of funds of 17.00 percent. Year 0 1 Project 1 - $462,692 286,000 100,000 137.500 149,000 Project 2 - $512,611 110.750 165,170 250,700 271,050 2 3 4 Compute the IRRs based on the cash flows. Which project(s) will be accepted? (Round final answer to 2 decimal places, e.g. 15.25%) The IRR of project is % and the project should be % and the project should be The IRR of project 2 is Management of Ivanhoe Measures, Inc., is evaluating two independent projects. The company uses a 13.59 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 $8,673,316 3.483.290 1,880,290 1,279.200 1,115,000 1.195,780 1.565,640 1,406,590 Project 2 -$11.484098 2,073,230 3,877,590 3,112,080 3,808,600 4,932,880 3 4 5 6 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 %, and the IRR of Project 2 is 30 b. Does the IRR criterion indicate a different decision than the NPV criterion