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

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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 4.6%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently? Project A B Year 0 -$48 - $99 - Year 1 $25 $19 Year 2 $19 $38 Year 3 $18 $48 Year 4 $15 $60

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