Finance Chapter 11 problem 11-12 1112. (Related to Checkpoint 11.1 on page 339 and Checkpoint 11.4 on page 347) (IRR and NPV calculation) The cash flows for three independent projects are found below: Project A Project B Project C Year 0 (Initial investment) $(50,000) $(100,000) $(450,000) Year 1 $ 10,000 $ 25,000 $ 200,000 Year 2 15,000 25,000 200,000 Year 3 20,000 25,000 200,000 Year 4 25,000 25,000 Year 5 30,000 25,000 a. Calculate the IRR for each of the projects. b. If the discount rate for all three projects is 10%, which project or projects would you want to undertake? c. What is the net present value of each of the projects where the appropriate discount rate is 10%? 20%