b) Project A and Project B are mutually exclusive projects with conventional cash flows. The internal rate of return for Project A is 21.81%. The internal rate of return for project Bis 29.14%. The net present value (NPV) at different cost of capital for each project is calculated and shown below: NPV NPV Cost of capital (Project A) (Project B) 5% $3,378.99 $2,891.81 10% $2,101.89 $2,070.15 15% $1,082.44 $1,391.37 20% $258.87 $823.69 25% -$413.76 $343.62 30% -$968.67 $66.50 5 companies are considering investing in the projects. The internal rate of return (IRR) for each company is listed below: Cost of Company capital Company 8% Company II 12% Company III 17% Company IV 23% Company V 30% Pick one piece of advice from the list below for each company. (5 marks) Project A Only B. Project B Only C. Both projects D. Neither project E. Not Sure. More information is required. Cost of capital Advice 8% 12% Company Company Company Il Company III Company IV Company v 17% 23% 30%