Software games company, Avalanche Entertainment, is considering expanding its highly successful online game franchise to the board game or trading card environment. The company has decided that it will invest in one project but not both. Consider the following cash flows of the two mutually exclusive projects. Assume the discount rate for Avalanche Entertainment is 10 per cent.

Year	Trading Cards ($)	Board Game ($)
0	(2,800)	(7,200)
1	2,900	7,400
2	1,400	3,500
3	1,400	3,100

Requirement 1:

(a)	Calculate the NPV. (Do not include the dollar sign ($). Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	NPV
Trading cards	$
Board game	$

(b)	Which project should be chosen?

(Click to select) Board game Trading card game

Requirement 2:

(a)	Calculate the IRR. (Do not include the per cent sign (%). Round your answers to 2 decimal places (e.g., 32.16).)

	IRR
Trading cards	%
Board game	%

(b)	Which project should be chosen?

(Click to select) Trading card game Board game