(IRR and NPV calculation) The cash flows for three independent projects are found below.

A. Calculate the IRR for each of the projects.

B.If the discount rate for all three projects is 10 percent, 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 percent?

(Round to two decimal places)

Project A Project B Project C

Year 0 (Initial investment) 70,000 120,000 400,000

Year 1 13,000 29,000 190,000

Year 2 16,000 29,000 190,000

Year 3 19,000 29,000 190,000

Year 4 27,000 29,000 ----------

Year 5 31,000 29,000 ----------