Project X1 Project X2
Initial Investment: $ (118,000) $ (196,000)
Net Cash Flows In:
Year 1: $44,000 $88,500
Year 2: $54,500 $78,500
Year 3: $79,500 $68,500

A. Calculate the NPV for Project X1
B. Calculate the NPV for Project X2
C. Determine the IRR for Project X1
D. Determine the IRR for Project X2