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Problem #4: NPVs, IRRs, and Pls Roadrunner Corporation has the following mutually exclusive projects available. Project A requires an initial investment of $1,000.000, and Project

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Problem #4: NPVs, IRRs, and Pls Roadrunner Corporation has the following mutually exclusive projects available. Project A requires an initial investment of $1,000.000, and Project B requires an initial investment of $1,200,000. If the two projects are equally risky, and the required rate of return is 12%. The estimated after tax cash flows for the projects are shown below Project A Project B 350,000$250,000 350,000S300,000 S300,000$350,000 S200,000$400,000 S150.000$450.000 Year a. Calculate the Net Present Values (NPVs) for both projects. Show work and keystrokes. Using the NPV eriteria, which project(s), if any, should be accepted? b. Calculate the Internal Rates of Return (IRRs) for both projects. Show work. Using the IRR criteria, which project(s), if any, should be accepted

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