IRR Question Three: Capital rationing-IRR and NPV approaches: Chapter 12: LG 6. Firm XYZ has the following list of various independent projects where they have fixed budget of $5,500,000. By considering cost of capital of 12%, then workout the below requirements: project Initial investment PV of CFs at 12% A $4,900,000 17% $5,600,000 B $900,000 19% $1,250,000 $2,100,000 18% $2,250,000 D $1,600,000 15% $1,800,000 E $750,000 20% S920,000 F $2,600,000 19% $3,100,000 G $1,250,000 21% $1,310,000 1. Select the best group of projects based on the IRR criteria 2. Select the best group of projects based on the NPV criteria 3. Are the projects selected in (1) and (2) the same? Why or why not? 4. Which projects should the firm implement