Management of Oriole, Inc., is considering investing in three independent projects. The costs and the cash flows are given in the following table. The appropriate cost of capital is 13.60 percent.

Year	Project 1	Project 2	Project 3
0	-240,000	-330,800	-530,000
1	65,000	157,525	221,100
2	79,800	170,550	221,100
3	86,600	101,500	221,100
4	91,400		221, 100

Compute the project IRRs (Round final answers to 2 decimal places, e.g. 15.25%.):

1. Project 1:

2. Project 2:

3: Project 3:

4: What projects should be accepted?