(Related to Checkpoint 11.1 and Checkpoint 11.4) (IRR and NPV calculation) The cash flows for three independent projects are found below: :: a. Calculate the IRR for each of the projects b. If the discount rate for all three projects is 23 percent, which project or projects would you want to undertake? c. What is the net present value of each of the projects where the appropriate discount rate is 23 percent? a. The IRR of Project A is \%. (Round to two decimal places.) The IRR of Project B is %. (Round to two decimal places.) The IRR of Project C is %. (Round to two decimal places.) b. If the discount rate for all three projects is 23%, which project or projects would you want to undertake? (Select the best choice below.) O A. Project A and Project C OB. Project A and Project B O C. None of the projects OD. Project A, Project B, and Project C c. The net present value of Project A where the appropriate discount rate is 23% is (Round to the nearest dollar.) The net present value of Project B where the appropriate discount rate is 23% is $ (Round to the nearest dollar.) The net present value of Project C where the appropriate discount rate is 23% is $ (Round to the nearest dollar.) Year O (Initial investment) Year 1 Year 2 Year 3 Year 4 Year 5 Project A $(45,000) $11,000 14,000 21,000 24,000 31,000 Project B $(110,000) $27,000 27,000 27,000 27,000 27,000 Project C $(440,000) $230,000 230,000 230,000