NPV and IRR, Mutually Exclusive Projects For discount factors use EXHIBIT 14A.1 and EXHIBIT 14A.2. Cuccoco Inc. intends invest in one of two competing types of computer-aided manufacturing equipment, built by two different manufacturers: CAM X and CAM Y. Both CAM X and CAM Y models have a project life of 10 years. The purchase price of the CAM X model is $2,400,000 and it has a net annual after-tax cash inflow of $600,000. The CAM Y model is more expensive, selling for $2,800,000, but will produce a net annual after-tax cash inflow of $700,000. The cost of capital for the company is 10 percent. Required: 1. Calculate the NPV for each project. Round present value calculations and your final answers to the nearest dollar. CAM X: CAMY: $ Which model would you recommend? 2. Calculate the IRR for each project. CAM X: CAMY: Which model would you recommend