You are choosing between two projects. The cash flows for the projects are given in the following table (S million): Year 0 $48 - $100 Year 1 $25 $21 Year 3 $18 $49 Year 4 $15 $61 ect Year 2 S39 a. What are the IRRs of the two projects? b. If your discount rate is 5.1%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently? a. What are the IRRs of the two projects? The IRR for project Ais The IRR for project B is b. If your discount rate is 5.1%, what are the NPVs of the two projects? If your discount rate is 5.1%, the NPV for project A is $ If your discount rate is 5.1%, the NPV for project B is $ c. Why do IRR and NPV rank the two projects differently? (Select from the drop-down menus.) %. (Round to one decimal place.) %. (Round to one decimal place.) million. (Round to two decimal places.) milion. (Round to two decimal places.) measuring value creation, while (2) is measuring return on investment. Because returns do not scale with NPV and IRR rank the two projects differently because they are measuring different things. (1) different levels of investment, the two measures may give different rankings when the initial investments are different. O IRR O IRR