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Gunnell Incorporated is considering two mutually exclusive $10-$year investments. The initial cash outlays and expected net

after$-$tax cash flows are shown below.

Required:

Using Excel, calculate the NPV and IRR of each project. Assume Gunnell Incorporated uses a discount rate of $8\%.($Round your NPV

answer to the nearest dollar amount and your IRR answer to $2$ decimal places $($i$.$e$.0\mathrm{.}1234=12\mathrm{.}34\%).)$