Net Present Value Versus Internal Rate of Return For discount factors use Exhibit 14B-1 and Exhibit 14B-2. Skiba Company is thinking about two different modifications to its current manufacturing process. The after-tax cash flows associated with the two investments follow: Project I Year Project II $(100,000) $(100,000) 63,857 134,560 63,857 Skiba's cost of capital is 12%. Required: 1. Compute the NPW and the IRR for each investment. Round present value calculations and your final NPV answers to the nearest dollar. Round IRR answers to the nearest whole percent. NPV IRR Project I Project II 2. Conceptual Connection: Why the project with the larger NPW is the correct choice for Skiba. NPV reveals the total wealth change attributable to each project. NPV does not reveals the total wealth change attributable to each project