Better Health, Inc., is evaluating two investment projects, each of which requires an up-front expenditure of S1.5 million. The projects are expected to produce the following net cash inflows: Year Project A Project B 0-$1,500,000-$1,500,000 1S500,000 $2,000,000 2$1,000,000$1,000,000 3 S2,000,000 S600,000 a. What is each project's IRR? b. What is each project's NPV if the cost of capital is 10 percent? Spreadsheet solution: Project A IRR NPV 10% Project B IRR NPV 10%