Kobe Beef has a 10% cost of capital, and has generated the following information on two projects:

Project A: Year 0: Project A -$102,100 Year 1: Project A $50,000 Year 2: Project A $50,000 Year 3: Project A $50,000.

Project B: Year 0: Project B -$100,000; Year 1: Project B $60,000; Year 2: Project B $50,000; Year 3: Project B $40,000.

Show your work:

a. Compute the internal rate of return (IRR) for project A.

b. Compute the net present value (NPV) for project B.