Integrative-Conflicting Rankings. The High-Flying Growth Company (HFGC) has been expanding very rapidy in recent years, making ias thareholders rich in the process. The average anrual tate of retum on the stock in the past few years has been 23%. and HFGC managers believe that 23% is a reasonable figure for the ferm's cost of capital. To sustain a high growth rate. HFGC's CEC argues that the company must continue to imvest in projocts that offer the highest rate of retum possible. Two projects are currenty undor reviow. The frst is an exparsion of the firmis production capacity, and the second project involves introducing one of the firm's existing products into a new market. Cash flows from each project appear in the following table: a. Calculate the NPV for both projects. Rank the projects based on their NPVs. b. Calculate the IRR for both projocts. Rank the projocts based on their IRRs c. Calculale the PI for both peojects. Rank the projects based on their PIs. d. The firm can only aflord to undertake one of these imrestments. What do you think the firm should do? Data table (Cick on the icon here 0 in order to copy the contents of the data table belew inta a spresdsheet.)