NPV, with rankings Botany Bay, Inc., a maker of casual clothing, is considering four projects shown in the following table, Because of past financial difficulties, the company has a high cost of capital at 14.5%. a. Calculate the NPV of each project, using a cost of capital of 14.5%. b. Rank acceptable projects by NPV. c. Calculate the IRR of each project and use it to determine the highest cost of capital at which all of the projects would be acceptable. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Project A Project B Project C Project D Initial investment (CFO) $49,400 $99,700 $79,800 $180,900 Year (t) Cash inflows (CFt) $19,300 $20,100 $100,100 $19,300 $39,200 $79,000 $19,300 $60,500 $60,700 123 $36,400 $51,100 $51,200