(Related to Checkpoint 11.1 and Checkpoint 11.4) (IRR and NPV calculation) The cash flows for three independent projects are found below: E a. Calculate the IRR for each of the projects. b. If the discount rate for all three projects is 8 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 8 percent? a. The IRR of Project Ais%. (Round to two decimal places.) Data Table Year O (Initial investment) Year 1 Year 2 Year 3 Year 4 Year 5 Project A $(65,000) $12,000 18,000 23,000 26,000 32,000 Project B $(120,000) $29,000 29,000 29,000 29,000 29,000 Project C $(430,000) $230,000 230,000 230,000