An oll-drilling company must choose between two mutually exclusive extraction projects, and each requires an initlaf outlay at t=0 of $12.8 milion. Under Plan A, all the oil would be extracted in 1 year, producing a cosh flow at t=1 of $15.36 mittion. Under Plan B, cash flows would be 52.2744 million per year for 20 years, The firm's WACC is 12.3%. a. Construct NPV profiles for Plans A and B. Enter your answers in millons. For example, an answer of $10,550,000 should be entered as 10.55 , If an amount is rero, enter " 0 ". Negabive values, if any, should be indicated by a minius sign, Do not round intermediate caiculations, Round your answers to two decimal places: Identify esch project's itR. Do not round insermediate calculations. Round your answers to two decimal places \begin{tabular}{ll} Project A: & % \\ \hline Project is: & in \end{tabular} Find the crossover rate, Do not round intermediate calculations, Round your answer to two decimal places. \% b. Is it logical to assume that the firm would take on all available independent, average-risk projects with returns greater than 12.3% ? If all available projects with returns greater than 12.3% have been undertaken, does this mean that cash flows from past investments have an opportunity cost of only 12.3%, because all the company can do with these cash flows is to replace money that has a cost of 12.3% ? Does this imply that the WACC is the correct reinvestment rate assumption for a project's cash flows? iselect. Tet No