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

a$.$ What are the IRRs of the two$$ projects?

b$.$ If your discount rate is $4\mathrm{.}9\%,$ what are the NPVs of the two$$ projects?

c$.$ Why do IRR and NPV rank the two projects$$ differently?

Question content area bottom

Part $1$

a$.$ What are the IRRs of the two$$ projects?

The IRR for project A is enter your response here$\%.($Round to one decimal$$ place.$)$ Project

Project

Year $0$

Year $1$

Year $2$

Year $3$

Year $4$

A

negative $ $50$

$ $27$

$ $22$

$ $20$

$ $17$

B

negative $ $98$

$ $18$

$ $39$

$ $51$

$ $58$