Management of Cullumber Measures, Inc., is evaluating two independent projects. The company uses a 10.35 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 - $8,432,999 3,214,390 1,676,690 1,244,100 1,100,100 1,201,780 1,731,140 1,459,690 Project 2 - $12,541,694 2,026,530 3,807,690 3,167,880 4,045,800 4,597,880 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 is %, and the IRR of Project 2 is %. b. Does the IRR criterion indicate a different decision than the NPV criterion? Yes No bok and Media