Project A and Project B have a cost of $30,000,000 today. Project A will have cash flows of $12,000,000 per year for three years, while Project B will have cash flows of $15,000,000 the first year, $10,000,000 the second year, and $11,000,000 the third year.

1. Calculate the NPV and the IRR for Project A using a 10% cost of capital and show your work by using TWO of the following methods: (1) using the formula, (2) identifying all variables using the calculators function keys, (3) using the steps on the calculator to calculate NPV and IRR. SHOW WORK

2. Calculate the NPV and the IRR for Project B using a 10% cost of capital and show your work by using TWO of the following methods: (1) using the formula, (2) identifying all variables using the calculators function keys, (3) using the steps on the calculator to calculate NPV and IRR. SHOW WORK

3. Should A, B, both A and B, or neither be accepted if the projects are independent. Circle your choice

4. Should A, B, both A and B, or neither be accepted if the projects are mutually exclusive. Circle your choice