The founders of a business are interested in investing in a project in the coming year, and they have two different projects to choose from. The estimated cash flows of the two projects are shown below. The company's Weighted Average Cost of Capital (WACC) is 9%. Calculate the IRR of each project.

The founders of a business are interested in investing in a project in the coming year, and they have two different projects to choose from. The estimated cash flows of the two projects are shown below. The company's Weighted Average Cost of Capital (WACC) is 9%. Calculate the IRR of each project DATA INSERT HOME fx I F G E D C Project 1 1 Cash Flows t 2 -275,000 3 IRR: 20,000 1 4 45,000 2 55,000 3 6 60,000 4 7 77,000 8 60,000 6 122,000 7 10 11 12 13 Project 2 Cash Flows t 14 -130,000 15 IRR 41,000 1 16 44,000 2 17 22,000 3 18 27,000 4 19 10,000 5 20 10,000 6 21 15,000 7 22 23 24 25 26