NPV, with rankingsBotany Bay, Inc., a maker of casual clothing, is considering four projects shown in the following table, LOADING... . Because of past financial difficulties, the company has a high cost of capital at 14.4%. a.Calculate the NPV of each project, using a cost of capital of 14.4%. 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. Question content area bottom Part 1 a.Calculate the NPV of each project, using a cost of capital of 14.4%. Part 2 The NPV of project A is $enter your response here.(Round to the nearest cent.) Part 3 Is project A acceptable?(Select the best answer below.) A.No No B.Yes Yes Part 4 The NPV of project B is $enter your response here. (Round to the nearest cent.) Part 5 Is project B acceptable?(Select the best answer below.) A.Yes Yes B.No No Part 6 The NPV of project C is $enter your response here. (Round to the nearest cent.) Part 7 Is project C acceptable?(Select the best answer below.) A.No No B.Yes Yes Part 8 The NPV of project D is $enter your response here. (Round to the nearest cent.) Part 9 Is project D acceptable?(Select the best answer below.) A.No No B.Yes Yes Part 10 b.Rank acceptable projects by NPV. Part 11 Project A Project C Project B Project D is ranked number 1.(Select from the drop-down menu.) Part 12 Project B Project A Project C Project D is ranked number 2.(Select from the drop-down menu.) Part 13 Project D Project A Project C Project B is ranked number 3.(Select from the drop-down menu.) Part 14 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. Part 15 The IRR of project A is enter your response here%. (Round to two decimal places.) Part 16 The IRR of project B is enter your response here%. (Round to two decimal places.) Part 17 The IRR of project C is enter your response here%. (Round to two decimal places.) Part 18 The IRR of project D is enter your response here%. (Round to two decimal places.) Part 19 What is the highest cost of capital at which all of the projects would be acceptable?(Choose the correct answer.) A.19.73 % 19.73% B.16.83 % 16.83% C.18.28 % 18.28% D.7.84 % 7.84% Project A Project B Project C Project D Initial investment (CF0) $50,400 $99,600 $79,400 $179,200 Year (t) Cash inflows (CFt) 1 $19,500 $35,900 $19,000 $100,800 2 $19,500 $50,600 $40,300 $80,400 3 $19,500 $50,700 $60,800 $60,400