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You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project A B Year 0
You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project A B Year 0 - $50 - $98 Year 1 $27 $20 Year 2 $21 $41 Year 3 $19 $52 Year 4 $15 $59 a. What are the IRRs of the two projects? b. If your discount rate is 5.2%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently
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