Not Present Value Versus Internal Rate of Return For discount factors use Exhibit 128-1 and Exhibit 12B-2 Skoba Company is thinking about two different moddications to its current manufacturing process. The after-tax cash flows associated with the two investments follow: Year Project I Project II s(100,000) 63,857 63,857 siioo,000) 134,550 Soba's cost of capital is 16%. Required: 1. Compute the NPV and the IRR for each investment. Round presont value calculations and your final NPV answers to the nearest dollar. Round IRRanswers to the nearest whole percent NPV TRR Project 1 Project 1 2. Conceptual Connection: Exp ain why the project with the larger NPV is the correct choice for Skba. NP s en absolute pr fitability measure and reveals how much the value of he firm wil change for each pr ect. [RR ves 181 % "easure of relat ve profitability V . Thus, s ice NP reveals the total wealth change attribut ble to each pr gect t s preferred to the RR measure