Your division is considering two projects with the following cash flows (in millions):

0

1

2

3

Project A	-$27	$13	$17	$8
Project B	-$25	$14	$11	$2

What are the projects' NPVs assuming the WACC is 5%?  
Project A    $   million
Project B    $   million

What are the projects' NPVs assuming the WACC is 10%?  
Project A    $   million
Project B    $   million

What are the projects' NPVs assuming the WACC is 15%?
Project A    $   million
Project B    $   million

What are the projects' IRRs assuming the WACC is 5%?
Project A   %
Project B   %

What are the projects' IRRs assuming the WACC is 10%?
Project A   %
Project B   %

What are the projects' IRRs assuming the WACC is 15%?
Project A   %
Project B   %

If the WACC were 5% and A and B were mutually exclusive, which would you choose?  
-Select-

Project A

Project B

Neither A, 

nor B

Item 13

If the WACC were 10% and A and B were mutually exclusive, which would you choose? (Hint: The crossover rate is 90.37%.)
-Select-

Project A

Project B

Neither A, 

nor B

Item 14

If the WACC were 15% and A and B were mutually exclusive, which would you choose? (Hint: The crossover rate is 90.37%.)
-Select-

Project A

Project B

Neither A, 

nor B

Item 15