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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 - $48 -$101 Year 1 $26 $21 Year 2 $18 $39 Year 3 $19 $52 Year 4 $14 $59 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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