Problem 10.36 Management of Crane Automotive, a manufacturer of auto parts, is considering investing in two projects. The company typically compares project returns to a cost of funds of 17.00 percent. Year 0 Project 1 - $494,495 311,000 117,000 114,500 148,000 Project 2 - $582,511 126,750 189,170 260,700 304,050 Compute the IRRs based on the cash flows. Which project(s) will be accepted? (Round final answer to 2 decimal places, e.g. 15.25%.) The IRR of project 1 is % and the project should be The IRR of project 2 is % and the project should be Click if you would like to Show Work for this question: Ope rejected accepted