a. What are the IRRs of the two projects? b. If your discount rase is 5.5%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects difforently? Daily Enterptises is purchasing a $9.8 milion machine. It will cost $51,000 to transport and instal the machine. The machine has a depreciable ile of five years using straight-ine depreciation and Will have no salvage value. The machine will generete incremental revenues of $4.2 milion per year along with incremental costs of $1.4 million per year. Daly's marginal tax rate is 35%. You are forecasting incremental free cash flows for Daily Enierprises. What are the incremental froe cash fows associatod with the new machine? The free cash flow for year 0 will be 1 (Round to the nearest dotar.)