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You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project Year o - $50

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You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project Year o - $50 - $102 Year 1 $24 $20 Year 2 $20 $42 Year 3 $19 $49 Year 4 $14 $61 a. What are the IRRs of the two projects? b. If your discount rate is 5.1%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently

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