The cash flows for two independent projects are found below: \begin{tabular}{|c|c|c|} \hline & Project 1 & Project 2 \\ \hline Year 0 & (900,000.00) & (1,150,000.00) \\ \hline Year 1 & 75,000.00 & 350,000.00 \\ \hline Year 2 & 175,000.00 & 450,000.00 \\ \hline Year 3 & 250,000.00 & 575,000.00 \\ \hline Year 4 & 350,000.00 & \\ \hline Year 5 & 450,000.00 & \\ \hline \end{tabular} a. Calculate the NPV for each project with discounts rates of 5, 10 and 15% b. Calculate the IRR for each project. c. Which project would you choose and why at 5% discount rate? d. Which project would you choose based on the IRR calculations? NOTE: You must use the Excel formulas NPV and IRR in your answers