(Related to Checkpoint 11.1 and Checkpoint 11.4) (IRR and NPV calculation)The cash flows for three independent projects are found below:

LOADING...

.

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

nothing%.

(Round to two decimal places.)The IRR of Project B is

nothing%.

(Round to two decimal places.)The IRR of Project C is

nothing%.

(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.)

A.

Project A and Project B

B.

Project A, Project B, and Project C

C.

Project A and Project C

D.

None of the projects

c.The net present value of Project A where the appropriate discount rate is

23%

is

$nothing.

(Round to the nearest dollar.)The net present value of Project B where the appropriate discount rate is

23%

is

$nothing.

(Round to the nearest dollar.)The net present value of Project C where the appropriate discount rate is

23%

is

$nothing.

(Round to the nearest dollar.)

Click to select your answer(s).

Data Table

	Project A		Project B		Project C
Year 0 (Initial investment)	$(45,000)		$(120,000)		$(430,000)
Year 1	$13,000		$28,000		$220,000
Year 2	18,000		28,000		220,000
Year 3	19,000		28,000		220,000
Year 4	27,000		28,000
Year 5	32,000		28,000