Question: You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project Year 0 -$50 -

 You are choosing between two projects. The cash flows for the

You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project Year 0 -$50 - $101 Year 1 $24 $19 Year 2 $22 $40 Year 3 $18 $49 Year 4 $13 $58 B a. What are the IRRs of the two projects? b. If your discount rate is 4.8%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently

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