An oil-drilling company must choose between two mutually exclusive extraction projects, and each requires an initial outlay at t = 0 of $11.4 million. Under Plan A, all the oil would be extracted in 1 year, producing a cash flow at t = 1 of $13.68 million. Under Plan B, cash flows would be $2.0257 million per year for 20 years. The firm's WACC is 12%.

1. Construct NPV profiles for Plans A and B. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. If an amount is zero, enter "0". Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to two decimal places.
2. Discount Rate Plan A Plan B

0% $million$million

5 million million

10 million million

12 million million

15 million million

17 million million

20 million million

• Identify each project's IRR. Do not round intermediate calculations. Round your answers to two decimal places.

Project A:___%

Project B:___%

• Find the crossover rate. Do not round intermediate calculations. Round your answer to two decimal places.