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 $4\mathrm{.}5\%,$ what are the NPVs of the two projects?

c$.$ Why do IRR and NPV rank the two projects differently?

a$.$ What are

The IRR fo

Data table

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