Project A: $ nillion

Project $B$:$$ million

Project A: $ $|$ million

Project $B$:$ million

Project A: $ million

Project B: $ million

b$.$ What are the projects' IRRs assuming the WACC is $5\%?$ Do not round intermediate calculations. Round your answer to two decimal places.

Project A: $,\%$

Project B: $,\%$

What are the projects' IRRs assuming the WACC is $10\%?$ Do not round intermediate calculations. Round your answer to two decimal places.

Project A: $,\%$

Project B: $,\%$

What are the projects' IRRs assuming the WACC is $15\%?$ Do not round intermediate calculations. Round your answer to two decimal places.

Project A:

$\%$

Project B:

c$.$ If the WACC was $5\%$ and A and B were mutually exclusive, which project would you choose? $($Hint: The crossover rate is $3\mathrm{.}86\%.)$

$>$

If the WACC was $10\%$ and A and B were mutually exclusive, which project would you choose? $($Hint: The crossover rate is $3\mathrm{.}86\%.)$

$]$

If the WACC was $15\%$ and A and B were mutually exclusive, which project would you choose? $($Hint: The crossover rate is $3\mathrm{.}86\%.)$

$[$

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