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Management of Crane Measures, Inc., is evaluating two independent projects. The company uses a 10.00 percent discount rate for such projects. The costs and cash

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Management of Crane Measures, Inc., is evaluating two independent projects. The company uses a 10.00 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year - W NO Project 1 - $8,758,405 3,176,090 1,925,590 1,410,400 1,100,400 1,268,480 1,463,840 1,424,790 Project 2 - $12,051,002 2,038,630 3,651,690 3,286,980 4,305,600 4,372,780 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 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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