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You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): a. What are the IRRs

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You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): a. What are the IRRs of the two projects? b. If your discount rate is 4.9%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently? Project A B Year 0 - $49 - $102 Year 1 $27 $20 Year 2 $21 $38 Year 3 $18 $51 Year 4 $13 $59

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