NPV and IRR analysis of projects Thomas Company is considering two mutually exclusive projects. The firm, which has a cost of capital of 9%, has estimated its cash flows as shown in the following table: a. Calculate the NPV of each project, and assess its acceptability b. Calculate the IRR for each project, and assess its acceptability. a. The NPV of project A is $. (Round to the nearest cent.) Project A $150,000 Project B $96,000 Initial investment (CF) Year (t) 1 2 3 4 5 Cash inflows (CF) $15,000 $50,000 $40,000 $40,000 $50,000 $25,000 $60,000 $15,000 $70,000 $25,000