NPV and IRR, Mutually Exclusive Projects For-discount factors use Exhibit 1281 and Exhibit 1282 Hunt Inc, intends to invest in one of two competing types of computer-aided manufacturing equipment: 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 $3,600,000, and it has a net annual after-tax cash inflow of $900,000. The CAM Y model is more expensive, seling for $4,200,000, but it will produce a net annual after-tax cash inflow of $1,050,000. The cost of capital for the company is 10%. Required: 1. Calculate the NPV for each project. Round present value calculations and your final answers to the nearest dollar: \begin{tabular}{ll} CAM x:1 & x \\ CAM :1 & x \end{tabular} Which model would you recommend using NPV? 2. Select the IRA for each project. Which modet would you recommend using IRR