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Use the cash flows show below to calculate the internal rate of return (IRR) for Projects 1 and 2. Round your answer to two decimal

Use the cash flows show below to calculate the internal rate of return (IRR) for Projects 1 and 2. Round your answer to two decimal places.

Year Project 1 Project 2
0 -$390 -$380
1 $190 $150
2 $110 $160
3 $110 $130
4 $310 $360

a. IRR of Project 1:__ %

b. IRR of Project 2: __ %

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