Calculate the internal rate of return and net present value of the mutually exclusive projects listed below. Please assume a required return of 11%. Which project should be accepted?
Project 1
invest year 1 year 2 year 3 year 4 year 5
$(500,000.00) $90,000.00 $100,000.00 $ 140,000.00 $180,000.00 $205,000.00
Project 2
invest
$(500,000.00) $10,000.00 $20,000.00 $ 30,000.00 $30,000.00 $740,000.00