Not with excel

3. Mahjong, Inc., has identified the following two mutually exclusive projects: Year Cash Flow Cash Flow (A) (B) 0 1 2 3 $43,000 23,000 17,000 12,000 $43,000 7,000 13,000 38,000 a. If the required return is 11 percent, what is the NPV for each of these projects? Which project will the company choose if it applies the NPV decision rule? b. What is the IRR for each of these projects? Using the IRR decision rule, which project should the company accept? Give the final decision on the project selection