1. Consider the below three investment projects generating cash flows as follows: Project A 0 1 2 3 4 B C 1,000,000 550,000 -500,000 750,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 -500,000 1,000,000 1,000,000 Assume that the cost of capital is 10%. Use this cost of capital to discount (or inflate) all negative cash flows to the present time and all positive cash flows to period 1 in the below table. Then, calculate the IRR based on the cash flows of period 0 and 1. Project A B 0 1 IRR Using the above modified IRR, make investment decision for each project. Dose the modified IRR deliver correct decisions?