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 4.8%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently? a. What are the IRRs of the two projects? The IRR for project Ais % (Round to one decimal place.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Project Year 0 Year 1 Year 2 Year 3 A -- $49 $25 $19 B - $102 $22 $41 $48 $19 Year 4 $12 $58 You need a particular piece of equipment for your production process. An equipment-leasing company has offered to lease the equipment to you for $9,900 per year if you sign a guaranteed five-year lease the lease is paid at the end of each year). The company would also maintain the equipment for you as part of the lease. Alternatively, you could buy and maintain the equipment yourself. The cash flows from doing so are listed below (the equipment has an economic life of five years). If your discount rate is 7.3%, what should you do? Year 1 Year 2 Year 3 Year 4 Year 5 - $40,400 - $2,100 - $2,100 - $2,100 - $2,100 - $2,100 Year 0 The net present value of the leasing alternative is $(Round to the nearest dollar.)