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You are choosing between two projects. The cash flows for the projects are given in the following table ( $ million ) : a .

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 4.9%, what are the NPVs of the two projects?
c. Why do IRR and NPV rank the two projects differently?
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