25. Consider the following two projects (both for Q. 26 and 0.27): Project Year 0 Year 1 Year 2 Year 3 Cash Flow Cash Flow Cash Flow Cash Flow Cash Flow Year 4 Discount A -98 40 50 60 0.11 B -73 30 30 30 30 0.11 Rate The net present value (NPV) of project A is closest to A) 120.5 B) 22.5 C) 37.5 D) 47.5 M 26. The IRR of project B is closest to A) 20.5% B) 22.5% C) 25.6% D) 23.3% 27. Which of the following is NOT a limitation of the payback rule? A) It does not consider the time value of money. B) Lacks a decision criterion that is economically based. C) It does not consider cash flows occurring after the payback period. D) It is difficult to calculate