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You are choosing between two projects. The cash flows for the projects are given in the following table ($ million) Year 0 Year 3 Project

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You are choosing between two projects. The cash flows for the projects are given in the following table ($ million) Year 0 Year 3 Project Year 1 Year 2 Year 4 - $51 - $102 $14 $62 $26 $20 $18 $40 $21 $51 A a. What are the IRRS of the two projects? b. If your discount rate is 4.5%, what are the NPVS of the two projects? c. Why do IRR and NPV rank the two projects differently

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