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Crane Corp. management is evaluating two mutually exclusiveprojects. The cost of capital is 15 percent. Costs and cash flowsfor each project are given in the following table. Year Project 1Project 2 0 -$1,266,016 -$1,209,606 1 263,000 345,000 2 358,000345,000 3 416,000 345,000 4 547,000 345,000 5 721,000 345,000Calculate NPV and IRR of two projects. (Enter negative amountsusing negative sign, e.g. -45.25. Do not round discount factors.Round other intermediate calculations and final answer to 0 decimalplaces, e.g. 1,525. Round IRR answers to 2 decimal places, e.g.15.25 or 12.25%.) NPV of project 1 is $ NPV of project 2 is $ IRRof project 1 is % IRR of project 2 is % Which project should beaccepted? Crane Corp. should accept