VPN, Your division analyzes two investment projects, which require an initial expense of $ 15 million. You calculate that the investment will produce the following net cash flows:

 

Year	Project A	Project B
1	5,000,000	20,000,000
2	10,000,000	10,000,000
3	20,000,000	6,000,000

What are the net present values of the project, assuming a cost of capital of 10%? 5%? 15 percent?

Reference book:

Corporate Finance: A Focused Approach by Ehrhardt and Brigham Second Edition

Thanks!