Cullumber Corp. management is evaluating two independent projects. The costs and expected cash flows are given in

the following table. The cost of capital is $13\mathrm{.}73$ percent.

a$.$ Calculate the projects' NPV$.($Enter negative amounts using negative sign e$.$g$.-45\mathrm{.}25.$ Do not round

discount factors. Round other intermediate calculations and final answer to $0$ decimal places, e$.$g$.$

$1,525.)$

The NPV of project A is $

and project B is $

b$.$ Calculate the projects' IRR. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25\%.)$

The IRR of Project $A$ is

$\%$ and Project $B$ is

$\%.$

c$.$ Which project should be chosen based on NPV$?$ Based on IRR? Is there a conflict?

Cullumber should choose

based on NPV$.$

Cullumber should choose

based on IRR.

There is

between the NPV and IRR decisions.

d$.$ If you are the decision maker for the firm, which project or projects will be accepted?

will be accepted.