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

You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project Year 0 Year Year 2 A - $51 $21 B - $102 $20 $39 $25 Year 3 $18 $48 Year 4 $12 $61 a. What are the IRRs of the two projects? b. If your discount rate is 4.5%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently
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