You are choosing between two projects. The cash flows for the projects are given in the following table ($ million):

Project Year 0 Year 1 Year 2 Year 3 Year 4

A -$50 $27 $22 $22 $17

B -$98 $18 $40 $50 $58

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?

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a. What are the IRRs of the two projects?

The IRR for project A is %. (Round to one decimal place.)

The IRR for project B is %. (Round to one decimal place.)

b. If your discount rate is 4.8%, what are the NPVs

of the two projects?

If your discount rate is 4.8%, the NPV for project A is $ million. (Round to two decimal places.)

If your discount rate is 4.8%, the NPV for project B is million. (Round to two decimal places.)