The Pinkerton Publishing Company is considering two mutually exclusive expansion plans. Plan A calls

for the expenditure of $$56$ million on a large$-$scale, integrated plant that will provide an expected cash

flow stream of $$9$ million per year for $20$ years. Plan $B$ calls for the expenditure of $$12$ million to build a

somewhat less efficient, more labor$-$intensive plant that has an expected cash flow stream of $$3\mathrm{.}8$

million per year for $20$ years. The firm's cost of capital is $11\%.$

a$.$ Calculate each project's NPV$.$ Do not round intermediate calculations. Round your answers to the

nearest dollar.

Project A: $

Project B: $

Calculate each project's IRR. Round your answers to two decimal places.

Project A:

$\%$

Project B:

$\%$

b$.$ Set up a Project $$ by showing the cash flows that will exist if the firm goes with the large plant

rather than the smaller plant. Round your answers to the nearest dollar. Use a minus sign to enter

cash outflows, if any.

What is the NPV for this Project $\frac{?}{{?}_{\frac{?}{?}}}?$ Do not round intermediate calculations. Round your answer to the

nearest dollar. Use a minus sign to enter negative value, if any.

$

What is the IRR for this Project $?$ Round your answer to two decimal places.