Thomas Company is considering two mutually exclusive projects. The firm, which has a cost of capital of 14%, has estimated its cash flows as shown in the following table: Initial investment $130,000 $93,000 Year Cash inflows 1 $20,000 $40,000 2 $25,000 $45,000 3 $50,000 $25,000 4 $60,000 $25,000 5 $60,000 $10,000 ***Round to the nearest cent a.Calculate the NPV of each project, and assess its acceptability. b.Calculate the IRR for each project, and assess its acceptability