NPV

Your division is considering two investment projects, each of which requires an up$-$front expenditure of $$23$ million. You estimate that the investments will produce the following net cash flows:

Year Project A Project B

$1$ $ $4,000,000$ $$20,000,000$

$210,000,00010,000,000$

$320,000,0008,000,000$

What are the two projects' net present values, assuming the cost of capital is $5\%?$ Round your answers to the nearest dollar.

Project A $

Project B $

What are the two projects' net present values, assuming the cost of capital is $10\%?$ Round your answers to the nearest dollar.

Project A $

Project B $

What are the two projects' net present values, assuming the cost of capital is $15\%?$ Round your answers to the nearest dollar.

Project A $

Project B $

What are the two projects' IRRs at these same costs of capital? Round your answers to two decimal places.

Project A

$\%$

Project B

$\%$