NPV profiles: timing differences (If possible please show how you got the answer)

An oil drilling company must choose between two mutually exclusive extraction projects, and each costs $11.2 million. Under Plan A, all the oil would be extracted in 1 year, producing a cash flow at t = 1 of $13.44 million. Under Plan B, cash flows would be $1.9901 million per year for 20 years. The firm's WACC is 11.4%.

Construct NPV profiles for Plans A and B. Round your answers to two decimal places. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55.

Discount Rate	NPV Plan A	NPV Plan B
0%	$ ________ million	$ _______ million
5	$ ________ million	$ _______ million
10	$ ________ million	$ _______ million
12	$ ________ million	$ _______ million
15	$ ________ million	$ _______ million
17	$ ________ million	$ _______ million
20	$ ________ million	$ _______ million

Identify each project's IRR. Round your answers to two decimal places. Project A

% Project B

% Find the crossover rate. Round your answer to two decimal places.

%

Is it logical to assume that the firm would take on all available independent, average-risk projects with returns greater than 11.4%? yes or no If all available projects with returns greater than 11.4% have been undertaken, does this mean that cash flows from past investments have an opportunity cost of only 11.4%, because all the company can do with these cash flows is to replace money that has a cost of 11.4%? yes or no Does this imply that the WACC is the correct reinvestment rate assumption for a project's cash flows? yes or no