An oll-drilling company must choose between two mutually exclusive extraction projects, and each requires an initial outlay at =0 of $11.6 million. Under Plar A, all the oll would be extracted in 1 year, producing a cash flow at t=1 of $13.92 millon. Under Plan B, cash flows would be $2.0612 million per year for 20 years. The firm's WACC is 12% a. Construct NPV proflites 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, shauld be indicated by a minus sign. Do not round intermediate calculations. Round your answers to two decimal places. Identify each project's thR. Do hot round intermediate calailations Round your anwers to two decimal piaces. Preject A. Praject B Determine thn cratcoser tate. Appecisiate your ansecer to the nearest ahole number b. Is it logical to assume that the firm would take on all avallable independent, average-risk projects with returns greater than 12% ? If all avaliable projects with returns greater than 12% have been undertaken, does this mean that cash flows from past investments have an opportunity cost of only 12%, because ail the company can do with these cash flows is to replace money that has a cost of 12% ? Does this imbly that the WACc is the correct reinvestment rate assumption for a prolict's cash flows