Better Health Inc. is evaluating two capital investments, each of which requires an up-front (time 0) expenditure of $1.5 million. The projects are expected to produce the following net cash inflows:

Year Project A ($) Project B ($)

1 500,000 2,000,000

2 1,000,000 1,000,000

3 2,000,000 600,000

a. What is each projects IRR?

b. What is each projects NPV if the opportunity cost of capital is 10 percent? 5 percent? 15 percent?