An oil-drilling company must choose between two mutually exclusive extraction projects, and each requires an initial...

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An oil-drilling company must choose between two mutually exclusive extraction projects, and each requires an initial outlay at t = 0 of $12.6 million. Under Plan A, all the oil would be extracted in 1 year, producing a cash flow at t = 1 of $15.12 million. Under Plan B, cash flows would be $2.2389 million per year for 20 years. The firm's WACC is 11.7%. a. Construct NPV profiles for Plans A and B. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. If an amount is zero, enter "0". Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to two decimal places. Discount Rate 0% 5 10 LA NPV Plan A million 5 million * million NPV Plan B million million million 12 million million 15 8 million million 17 20 *million million million *million Identify each project's IRR. Do not round intermediate calculations. Round your answers to two decimal places. Project A: An oil-drilling company must choose between two mutually exclusive extraction projects, and each requires an initial outlay at t = 0 of $12.6 million. Under Plan A, all the oil would be extracted in 1 year, producing a cash flow at t = 1 of $15.12 million. Under Plan B, cash flows would be $2.2389 million per year for 20 years. The firm's WACC is 11.7%. a. Construct NPV profiles for Plans A and B. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. If an amount is zero, enter "0". Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to two decimal places. Discount Rate 0% 5 10 LA NPV Plan A million 5 million * million NPV Plan B million million million 12 million million 15 8 million million 17 20 *million million million *million Identify each project's IRR. Do not round intermediate calculations. Round your answers to two decimal places. Project A: