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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

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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 - $49 - $100 Year 1 $23 $21 Year 2 $22 $41 Year 3 $20 $48 Year 4 $14 $60 a. What are the IRRs of the two projects? b. If your discount rate is 4.7%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently

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