Weeden Ltd$.$ intends to invest in one of two competing types of computer$-$aided manufacturing equipment: CAM X and CAMY. Both CAM X and CAM Y models have a project life of $10$ years. The purchase price of the CAM X model is R $24,000\mathrm{.}000,$ and it has a net annual after$-$tax cash inflow of R$6,000,000.$ The CAM Y model is more expensive, selling for R$28,000,000,$ but it will producc a net annual after$-$tax cash inflow of R$7\mathrm{.}000\mathrm{.}000.$The cost of capital for the company is $10\%.$Required:$1.$ Calculate the NPV for each project. Which model would you recommend?$2..$Calculate the IRR for each project. Which model would you recommend?