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 10 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 10 percent?

Project A

Project B

Project C

Year 0 (Initial investment)

$(50,000)

$(100,000)

$(450,000)

Year 1

$10,000

$25,000

$200,000

Year 2

15,000

25,000

200,000

Year 3

20,000

25,000

200,000

Year 4

25,000

25,000

Year 5

30,000

25,000