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4. Farrah Corporation is considering two projects (see below). For your analysis, assume these projects are mutually exclusive with a required rate of return of 12% Project 1 Initial investment Project 2 $185,000 $1 100.000 Cash inflow Year 1 $230,000 $1,450,000 Compute the following for each project: NPV (net present value) PI (profitability index) IRR (internal rate of return) Which project should be selected? Why