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B NPV eBook Your division is considering two investment projects, each of which requires an up-front expenditure of $23 million. You estimate that the

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B NPV eBook Your division is considering two investment projects, each of which requires an up-front expenditure of $23 million. You estimate that the investments will produce the following net cash flows: Project A: $ Project B: $ Year Project A 1 $5,000,000 2 3 10,000,000 20,000,000 Project B $20,000,000 10,000,000 6,000,000 a. What are the two projects' net present values, assuming the cost of capital is 5%? Do not round intermediate calculations. Round your answers to the nearest dollar. What are the two projects' net present values, assuming the cost of capital is 10%? Do not round intermediate calculations. Round your answers to the nearest dollar Project A: $ Project B: $ What are the two projects net present values, assuming the cost of capital is 15%? Do not round intermediate calculations. Round your answers to the nearest dollar Project A: $ Project B: $ b. What are the two projects' IRRS at these same costs of capital? Do not round intermediate calculations. Round your answers to two decimal places Project A Project B Jay

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