Without using excel.

2. Two mutually-exclusive capital investments have the following forecasted cash flows: Year $30,000 -$30,000 +11,152 +11,152 +11,152 +11,152 - 4 +52,470 a. Compute the internal rate of return for each project. b. Compute the NPV for each project if the firm has a 12 percent cost of capital. c. Which project should be adopted? Why? d. Is the incremental IRR closer to 10% or 1 190? Explain how you know using NPV analysis e. Compute the NPV of each project at a 0 percent discount rate