You are considering the following two projects and can take only one. Your cost of capital is $10\mathrm{.}6\%.$ 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$?$

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