Your firm is considering an investment into one of two mutually exclusive (meaning you can choose only one) projects. The first project costs $10,000 today and will generate cash flows of $1,800 per year for 10 years. The second project costs $20,000 today and will generate a one-time cash flow of $23,100 one year from today. The relevant risk-adjusted discount rate for each project is 10%. Calculate both the NPV and the IRR for each project. In which project should you invest and why?