The founders of a business are interested in investing in a project in the coming year. The two projects are mutually exclusive. The estimated cash flows of the two projects are shown below. The company's Weighted Average Cost of Capital (WACC) is 9%. The table below shows the data from the previous spreadsheet exercise and the correct IRR calculation. PROJECT 1 PROJECT 2 ash F ash F 0 (S300,000) 1$30,000 2$45,000 3 $60,000 4$60,000 5$60,000 6 $60,000 7$120,000 0 ($120,000) 1$40,000 2$40,000 3 $25,000 4$20,000 5$10,000 6 $10,000 7 $10,000 IRR: 8.55 IRR: 9.60% Which project should the company undertake? O Project 1 O Project 2