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Problem 10.35 Jekyll & Hyde Corp. management is evaluating two mutually exclusive projects. The cost of capital is 15 percent. Costs and cash flows for

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Problem 10.35 Jekyll & Hyde Corp. management is evaluating two mutually exclusive projects. The cost of capital is 15 percent. Costs and cash flows for each project are given in the following table. Year Project 1 Project 2 0 $1,374,115 -$1,212,482 347,000 347,000 347,000 347,000 347,000 270,000 330,000 488,000 535,000 817,000 Calculate NPV and IRR of two projects. (Enter negative amounts using negative sign, e.g.-45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525. Round IRR answers to 2 decimal places, eg. 15.25 or 12.25%.) NPV of project 1 is s NPV of project 2 is S IRR of project 1 is IRR of project 2 is Which project should be accepted? Jekyll and Hyde Corp. should accept

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