ch.11 8:

Your division is considering two projects with the following cash flows. Project A costs $120 million and has cash flows of $85 million in year 1,$65 million in year 2 and $45 million in year 3 . Project B costs $200 million and has cash flows of $120 million in year 1 , 5100 million in year 2 and 580 milion in year 3 . What is project A's IRR if the WACC is 10%