You work as a financial analyst for the CFO of a Fortune 500 company. You are have been asked to consider the following cash flows (in millions (m)) from two mutually exclusive capital budgeting projects. If the firm's WACC is 14%, find the NPV and IRR and select which one(s) you would choose. Project 1: CFO = -6m CF1 = 2m CF2 = 2m CF3 = 2m CF4 = 2m CF5 = 2m Project 2: CFO = -18m CF1 = 5.6m CF2 = 5.6m CF3 = 5.6m CFO = -18m CF1 = 5.6m CF2 = 5.6m CF3 = 5.6m CF4 = 5.6m CF5 = 5.6m O Project 1: NPV = -0.17: IRR = 12.59% Project 2: NPV = -1.68m; IRR = 9.36% Choose neither because they have negative NPVs. Project 1: NPV = 0.866m;IRR - 19.86% Project 2: NPV = 1.225m; IRR - 16.8% Choose Project 2 because the NPV is higher Project 1: NPV = 6.86m; IRR = cannot calculate Project 2: NPV = 19.2m; IRR = cannot calculate Choose Project 2 because the NPV is higher Project 1: NPV -0.866m; IRR = 19.86% Project 2: NPV = 1.225m: IRR = 16.8% Choose Project 1 because the IRR is higher