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A company is considering two mutually exelusive expansion plans. Plan A requires a $39 milion expenditure on a larve-scale integrated pinnt that wauld provide expecied

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A company is considering two mutually exelusive expansion plans. Plan A requires a $39 milion expenditure on a larve-scale integrated pinnt that wauld provide expecied cash filam of $6.23 million per year for 20 years, Plan B requires a $13 million expenditure to bulld a somewhat less efficient, more labor-intensive part with an expectind cath fiow of 52.91 milition per year for 20 years. The firm's WACC is 9%. a. Calculate each project's NPV, Enter your answers in mattions. For example, an answer of $10,550,000 should be entared as 10.55. Do not round intermediate caloulaticns. Round your answers to two decimal places. Calculate each project's IRR. Round your answers to one decimal place. Plan A: Plan B: b. By graphing the NPV profles for Plan A and Plan B, determine the croswover rate. Round your answer to one decimal place. c. Calculate the crossover rate where the two projects' NPVs are equal. Round your answer to one decimal place. % d. Is NPV better than IRR for making capital budgeting decisions that add to shareholder value

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