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 $5\mathrm{.}2\%,$ what are the NPVs of the two projects?

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

a$.$ What are the IRRs of the two projects?

The IRR for project $A$ is $\%.($Round to two decimal places.$)$

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[$Project$,$Year $0,$Year $1,$Year $2,$Year $3,$Year $4],[$A$,-$$$49,$$$24,$$$20,$$$18,$$$16$