Claire is choosing between two projects but can only take one. The cash flows for the projects are given in the following table: Project Year o Year 1 Year 2 A -$46.1 million +$24 million +$20 million B -$108.9 million +$20 million +$39 million Year 3 +$21 million +$50 million Year 4 +$ 17 million +$61 million Note: The IRRs for this question will require Excel or a financial calculator. Students will not be required to do this in an exam unless you are told explicitly to do so. (a-1) The IRR of project A is %. (Round your answer to 2 decimal places) (a-2) The IRR of project Bis %. (Round your answer to 2 decimal places) million. (b) If Claire's discount rate is 5.7%, the NPV for project A is $ (Round your answer to 2 decimal places) million. If Claire's discount rate is 5.7%, the NPV for project B is $ (Round your answer to 2 decimal places) (c) Why do IRR and NPV rank the two projects differently? (Select from the drop-down menus.) NPV and IRR rank the two projects differently because they are measuring different things. (1) (No answer given) is measuring value creation, while (2) (No answer given) is measuring return on investment. Because returns do not scale with different levels of investment, the two measures may give different rankings when the initial investments are different