NPV of A = IRR (A) = NPV of B = IRR (B) = Working Table Discount rate = 10.0% Item/Year 0 3 Capital Costs - A -100 Capital Costs - B -100 Operating Costs - A -20 -25 -30 Operating Costs - B -15 -20 -25 Gross Revenues - A 70 65 60 Gross Revenues - B 45 65 75 Net Revenues - A Net Revenues - B