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Homework: Chapter 8 Homework Score: 0 of 1 pt 10 of 14 (7 complete) P 8-28 (similar to) HW Score: 46.36%, 6.490 Question Help You

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Homework: Chapter 8 Homework Score: 0 of 1 pt 10 of 14 (7 complete) P 8-28 (similar to) HW Score: 46.36%, 6.490 Question Help You are choosing between two projects. The cash flows for the projects are given in the following table (5 million) Project Year 0 Year 1 Year 2 - $52 $27 - 5101 $20 $40 $18 Year 3 $20 Year 4 $16 561 $51 a. What are the IRRs of the two projects? b. If your discount rate is 4.6%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently

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