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

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You are choosing between two projects. The cash flows for the projects are given in the following table (s million): Project Year 0 Year 1 Year 2 A -$49 $23 $18 B - $98 $21 $39 Year 3 $19 $48 Year 4 $17 $60 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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