Management of Wildhorse Measures, Inc., is evaluating two independent projects. The company uses a 13.2 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year 0 1 2 3 4 5 6 7 Project 1 - $8,425,375 2,979,790 1,685,690 1,456,900 1,068,300 1,324,980 1,562,940 1,423,990 Project 2 - $11,546,929 The IRR of Project 1 is 1,936,630 3,480,690 3,264,080 4,497,600 4,270,280 a. What are the IRRs for the projects? (Round answers to 3 decimal places, e.g. 15.257%.) %, and the IRR of Project 2 is b. Does the IRR criterion indicate a different decision than the NPV criterion? Ven 25 THE %.

Management of Wildhorse Measures, Inc, is evaluating two independent projects. The company uses a 13.2 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. a. What are the IRRs for the projects? (Round answers to 3 decimal places, eg. 15.257\%) 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