Question: You are choosing between two projects. The cash flows for the projects are given in the following table ($ million) Year 1 $24 $22 Year

 You are choosing between two projects. The cash flows for theprojects are given in the following table ($ million) Year 1 $24

You are choosing between two projects. The cash flows for the projects are given in the following table ($ million) Year 1 $24 $22 Year 4 $17 $59 Project Year 0 - $50 - $99 Year 2 $22 $41 Year 3 $20 $50 a. What are the IRRs of the two projects? b. If your discount rate is 4.9%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently

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