(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 14 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 14 percent? a. The IRR of Project A is %. (Round to two decimal places.) Data table Year O (Initial investment) Year 1 Year 2 Year 3 Year 4 Year 5 Project A $(55,000) $11,000 18,000 21,000 26,000 32,000 Project B $(110,000) $30,000 30,000 30,000 30,000 30,000 Project C $(420,000) $210,000 210,000 210,000 Print Done