Project evaluation ( LO4). Consider the cash flows for the two projects below: The company uses a discount rate of 10% for evaluating projects. Required: a. Calculate the net present value for the two projects. Which project yields the greater NPV? b. Calculate the internal rate of return (IRR) for the two projects. Which project has the higher rate of return? c. Why does the ranking per NPV favor project B over project A, even though project A is more profitable, per the IRR criterion