(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 12 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 12 percent?

Please round to two decimal places!

Year0 (Initial investment) Year 1 Year 2 Year 3 Year 4 Year 5 Project A $(45,000) $9,000 18,000 19,000 24,000 29,000 Project B $(95,000) $26,000 26,000 26,000 26,000 26,000 Project C S(420,000) $190,000 190,000 190,000