Problem 10.32 a-b Management of Blossom Measures, Inc., is evaluating two independent projects. The company uses a 12.40 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year Project 1 Project 2 0 $8,699,246 $12,008,030 2,915,290 2,005,830 1 2 3,964,290 1,648,190 1,343,400 3,142,080 4,280,300 4 1,287,600 1,237,780 4,921,480 5 1,596,240 7 1,382,290 a. What are the IRRS for the projects? (Round final answer to 2 decimal places, e.g. 15. 25%.) The IRR of Project 1 is %, and the IRR of Project 2 is %. b. Does the IRR criterion indicate a different decision than the NPV criterion? No ou would like to Show Work for this question: Open Show Work Yes