IRR(ProjectA):IRR(ProjectB):%% b. Your intern says that since they have the same investment and the same IRR, you should be indifferent between them. He says "Why should I care which way I earn 23% on an investment of $1,000 ? Either way, I invest the same amount and earn the same return, right?" Explain to your intern why this isn't correct. Hint: Calculate the NPV and MIRR for each project to help you explain. Use the WACC for the financing rate and reinvestment rate in the MIRR calculation. Do not round intermediate calculations. Round your answers for the monetary values to the nearest cent and for the percentage values to two decimal places. Thus, creates more value than . Also, the greater value of MIRR for indicates that this project will earn a high IRR for a longer period of time than 1