A project requires an initial investment of $100,000 and is expected to produce a cash intflow before tax of $27,300 per year for five years. Company A has substantial accumulated tax losses and is unlkety to pay taxes in the foreseeable tture Company B pays corporate taxes at a rate of 40% and can deprecate the r estment for tax purposes using the fve-year M S tax depreciat on schedule Suppose the opportunity cost of captais 10% 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.) Company A Company B b-1. What is the IRR of the ater-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 etective corporate tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) Effective tax rate