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also please answer the bottom for project A and project B. An oil-drilling company must choose between two mutually exclusive extraction projects, and each costs

also please answer the bottom for project A and project B. image text in transcribed
An oil-drilling company must choose between two mutually exclusive extraction projects, and each costs $11 million. Under Plan A, all the oil would be extracted in 1 year, producing a cash flow at t-1 of $13.2 million. Under Plan B, cash flows would be $1.9546 million per year for 20 years. The firm's WACC is 11.3%. a. Construct NPV profiles for Plans A and B. Round your answers to two decimal places. Do not round your intermediate calculations. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. If an amount is ze value should be indicated by a minus sign enter-o. Negative NPV Plan A 0% milion million 10 12 15 17 20 million million million million million million million identify each project's IRR. Round your answers to two decimal places. Do not round your intermediate calculations

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