• ABC Corporation is evaluating two investment projects, Project A and Project B. The cash flows for each project are as follows:

  Project A:

  • Initial investment: $500,000
  • Cash flows: $100,000 per year for 5 years

• Project B:

  • Initial investment: $700,000
  • Cash flows: $150,000 per year for 4 years

• Using a discount rate of 10%, calculate the NPV and IRR for each project.