A project requires an initial investment of $100,000 and is expected to produce a cash inflow before tax of $27,800 per year for five years. Company A has substantial accumulated tax losses and is unlikely to pay taxes in the foreseeable future. Company B pays corporate taxes at a rate of 21% and can claim 100% bonus depreciation on the investment. Suppose the opportunity cost of capital is 11%. Ignore inflation. a. Calculate project NPV for each company. b. What is the IRR of the after-tax cash flows for each company? Complete this question by entering your answers in the tabs below. Required A Required B What is the IRR of the after-tax cash flows for each company? Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Company A Company B IRR %