Project A B Year 0 - $51 - $100 Year 1 $25 $22 Year 2 $19 $40 Year 3 $20 $49 Year 4 $16 $61 a. What are the IRRs of the two projects? b. If your discount rate is 4.7%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently? a. What are the IRRs of the two projects? The IRR for project A is %. (Round to one decimal place.) The IRR for project B is %. (Round to one decimal place.) b. If your discount rate is 4.7%, what are the NPVs of the two projects? If your discount rate is 4.7%, the NPV for project Ais $ million. (Round to two decimal places.) If your discount rate is 4.7%, the NPV for project B is $ places.) million. (Round to two decimal NPV and IRR rank the two projects differently because they are measuring different things. is measuring value creation, while is measuring return on investment. Because returns do not scale with different levels of investment, the two measures may give different rankings when the initial investments are different