(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.) Year 0 (Initial investment) Year 1 Year 2 Year 3 Year 4 Year 5 Project A $(45,000) $11,000 18,000 21,000 27,000 32,000 Project B $(95,000) $27,000 27,000 27,000 27,000 27,000 Project C $(420,000) $250,000 250,000 250,000