Year 0 (Initial investment) Year 1 Year 2 Year 3 Year 4 Year 5 Project A $(55,000) $9,000 17,000 23,000 26,000 33,000 Project B $(105,000) $29,000 29,000 29,000 29,000 29,000 Project C $(440,000) $190,000 190,000 190,000 (Related to Checkpoint 11.1 and Checkpoint 11.4) (IRR and NPV calculation) The cash flows for three independent projects are found below: a. Calculate the IRR for each of the projects. b. If the discount rate for all three projects is 21 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 21 percent