(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 16 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 16 percent? a. The IRR of Project Ais % (Round to two decimal places.) decimal places.) * Data Table - X Year 0 (Initial investment) Year 1 Year 2 Year 3 Year 4 Year 5 Project A $(60,000) $11,000 17,000 22,000 27,000 33,000 Project B $(110,000) $28,000 28,000 28,000 28,000 28,000 Project C $(400,000) $250,000 250,000 250,000 Print Done