our division is considering two investment projects, each of which requires an up-front expenditure of $22 million. You estimate that the cost of capital is 9% and hat the investments will produce the following after-tax cash flows (in millions of dollars): a. What is the regular payback period for each of the projects? Round your answers to two decimal places. Project A: years Project B : years b. What is the discounted payback period for each of the projects? Do not round intermediate calculations. Round your answers to two decimal places. Project A: years Project B : years c. Calculate the NPV of the two projects. Do not round intermediate calculations. Round your answers to the nearest cent. Project A:$ Project B:$ Calculate the IRR of the two projects. Do not round intermediate calculations. Round your answers to two decimal places. Project A: % Project B: % If the two projects are independent and the cost of capital is 9%, which project or projects should the firm undertake? The firm should undertake d. If the two projects are mutually exclusive and the cost of capital is 5%, which project should the firm undertake? The firm should undertake