Use the following information to complete questions $6-12.$

Your division is considering two investment projects, each of which requires an up$-$front expenditure of $$22$ million. Project A will have cash flows of $$3$ million in year $1,$ $$4$ million in year $2,$ $$8$ million in year $3,$ and $$18$ million in year $4.$ Project B will have cash flows of $$17$ million in year $1,$ $$9$ million in year $2,$ $$4$ million in year $3,$ and $$2$ million in year $4.$

Assume the projects are independent. The cost of capital is $13\%.$

What is the IRR of Project A$?$ Blank $1$

Based on IRR criteria, do you accept or reject Project A$?$ Blank $2$

What is the IRR of Project B$?$ Blank $3$

Based on IRR criteria, do you accept or reject Project B$?$