Problem 10.32 a-b Management of Sandhill Measures, Inc., is evaluating two independent projects. The company uses a 10.07 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year 0 1 Project 1 - $8,470,398 3,012,790 1,662,990 1,291,400 1,144,300 1,308,080 1,697,740 1,307,690 Project 2 - $12,767,457 2,025,930 4,142,290 2,841,780 4,194,000 4,122,480 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