Question: You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project Year 0 Year 1

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 - $52 $23 $21 B - $98 S18 $38 Year 3 $21 $50 Year 4 $17 $60 a. What are the IRRs of the two projects? b. If your discount rate is 5.3%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently
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