You are considering the following two projects and can only take one. Your cost of capital is $10\mathrm{.}5\%.$ The cash flows for the two projects are as follows $($ $ million$)$:

a$.$ What is the IRR of each project?

b$.$ What is the NPV of each project at your cost of capital?

c$.$ At what cost of capital are you indifferent between the two projects?

d$.$ What should you do$?$

a$.$ The IRR for project $A$ is

$\%.($Round to one decimal place.$)$

The IRR for project $B$ is

$\%.($Round to one decimal place.$)$

b$.$ The $NPV$ for project $A$ is $ million. $($Round to two decimal places.$)$

The NPV for project B is $ million. $($Round to two decimal places.$)$

c$.$ You will be indifferent if the cost of capital is $\%.($Round to one decimal place.$)$

d$.$ Given your cost of capital, which project would you choose? $($Select the best choice below.$)$

A$.$ You should invest in project $A,$ as it has the higher IRR.

B$.$ You should invest in project $B,$ as it has the higher IRR.

C$.$ You should invest in project $A,$ as it has the higher $NPV.$

D$.$ You should invest in project $B,$ as it has the higher $NPV.$