You are looking into purchasing a new piece of equipment for your business. Currently, you are evaluating two alternatives, each of which costs $50,000 to buy. The two alternatives will result in the following cash flows beginning at the end of this year. Alternative #1 Alternative #2 $10,000.00 $5,000.00 $10,000.00 $5,000.00 $10,000.00 $7,500.00 $10,000.00 $7500.00 $10,000.00 $15,000.00 $10,000.00 $20,000.00 Since you could invest the cash in a savings account that earns 5% interest, you choose 5% as your discount rate. Calculate the NPV and IRR for each project. Which project would you select and explain why?