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 - $483,954 303,000 121,000 136,500 130,000 Project 2 - $498,458 112,750 173,170 233,700 252,050 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 accepted rejected Problem 10.32 a-b Management of Crane Measures, Inc., is evaluating two independent projects. The company uses a 11.97 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year 0 Project 1 - $8,083,069 3,244,890 1,782,990 1,414,500 1,131,900 1,216,080 1,731,940 1,351,990 Project 2 - $12,058,467 2,256,130 4,099,390 2,813,980 3,777,500 4,929,180 m in 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? you would like to Show Work for this question: Open Show Work Yes No