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.$)$

Data table

$($Click on the icon here $p_h$ in order to copy the contents of the data table below into a spreadsheet:$)$

$\backslash$table$[[$Initial investment,Project A$,$Project B$],[(C{F}_0),$$$120,000,$$$102,000$