NPV and IRR analysis of projects Thomas Company is considering two mutually exclusive projects. The firm, which has a cost of capital of 12%, 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 cont.) According to the NPV method, is project A acceptablo? (Select the best answer below.) Yes The NPV of project Bis $. (Round to the nearest cont.) Is project B acceptable on the basis of NPV? (Select the best answer below.) Yes Is project B acceptable on the basis of NPV? (Select the best answer below. O Yes No b. The IRR of project A is %. (Round to two decimal places.) Is project A acceptable on the basis of IRR? (Select the best answer below.) 0 Yes The IRR of project B is %. (Round to two decimal places.) Is project B acceptable on the basis of IRR? (Select the best answer belo 0 Yes Project A $110,000 Project B $96,000 Initial investment (CF) Year (t) 1 2 3 4 5 Cash inflows (CF) $20,000 $60,000 $20,000 $30,000 $30,000 $30,000 $40,000 $15,000 $60,000 $20,000