NPV and IRR analysis of projects Thomas Company is considering two mutually exclusive projects. The firm, which has a cost of capital of 8%, 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. Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Initial investment Project A $150,000 Project B $67,000 (CF) Year (t) Cash inflows (CF) 1 $20,000 $45,000 $40,000 $25,000 $50,000 $20,000 4 $55,000 $5,000 5 $65,000 $5,000 Print Done