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 $4\mathrm{.}8\%,$ 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 $A$ is $\%.($Round to one decimal place:$)$

Data table

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[$Project$,$Year $0,$Year $1,$Year $2,$Year $3,$Year $4],[$A$,-$$$48,$$$26,$$$22,$$$20,$$$13$