You are considering investing in two projects. Project A will cost $990,000. The investment is expected to yield annual net cash inflow after-tax of $150,000 for 14 years. Hurdle rate is 15% Project B will cost $715,000, and it is expected to yield annual net cash inflow of $145,000 for 10 year. Minimum required rate is 10% A. Compute the Internal Rate of Return (IRR) of Project A & B. (Use the PV table in your textbook). B. Based on your answer in A, which of these Projects would you invest in? Why? C. Why should you use the IRR to evaluate your project instead of Payback Period?