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Your division is considering two investment projects, each of which requires an up-front expenditure of $23 million. You estimate that the investments will produce the

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Your division is considering two investment projects, each of which requires an up-front expenditure of $23 million. You estimate that the investments will produce the following net cash flows: a. What are the two projects' net present values, assuming the cost of capital is 5% ? Do not round intermediate calculations. Round your answers to the nearest dollar. Project A: $ Project B: \$ What are the two projects' net present values, assuming the cost of capital is 10% ? Do not round intermediate calculations. Round your answers to the nearest dollar. Project A: \$ Project B: \$ What are the two projects' net present values, assuming the cost of capital is 15% ? Do not round intermediate calculations. Round your answers to the nearest dollar. Project A: \$ Project B: \$ b. What are the two projects' IRRs at these same costs of capital? Do not round intermediate calculations. Round your answers to two decimal places. Project A: % Project B

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