A project requires an initial investment of $100,000 and is expected to produce a cash inflow before tax of $26,400 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 axes at a rate o 35% and can depre a e the in est en fortax purposes usin the ve ear tax depreciation schedule. Suppose e o unit cost of capital is 9%. Ignore inflation. a. Calculate project NPV for each company. (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) CompanyA CompanyB b-1. What is the IRR of the after-tax cash flows for each company? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Company A Company B b-2. What does comparison of the IRRs suggest is the effective corporate tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) Effective tax rate