3. A company is considering two mutually exclusive expansion plans. Plan A requires a $60 million initial outlay on a large-scale integrated plant that would provide expected cash inflows of $19.2 million per year for 5 years. Plan B requires a $18 million initial outlay to build a somewhat less efficient, more labor-intensive plant with expected cash inflows of $7.2 million per year for 5 years. The firm's WACC is 11%. a. Calculate each project's NPV and IRR. b. Which project would you recommend? Why