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

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 -5025202015
B -10020405060
a. What are the IRRs of the two projects?
b. If your discount rate is 5.0%, what are the NPVs of the two projects?
c. Why do IRR and NPV rank the two projects differently?

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