Management of Oriole Measures, Inc., is evaluating two independent projects. The company uses a 11.53 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year 0 1 2 3 Project 1 - $8,164,608 3,171,790 1,871,890 1,486,600 1,170.100 1,277,280 1,612,540 1,320,090 Project 2 - $12,751,581 2,180,430 4,145,490 3,392,680 3,898,400 4,371,980 4. 5 6 7 a. What are the IRRs for the projects? (Round final answer to 2 decimal places, e.g. 15.25%.) The IRR of Project 1 is %, and the IRR of Project 2 is b. Does the IRR criterion indicate a different decision than the NPV criterion