Your division is considering two projects with the following cash flows (in millions):

	0	1	2	3
Project A	-$31	$7	$12	$22
Project B	-$19	$13	$6	$5

a. What are the projects' NPVs assuming the WACC is 5%? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55.

Project A $____

Project B $_____

What are the projects' NPVs assuming the WACC is 10%? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55.

Project A $____

Project B $_____

What are the projects' NPVs assuming the WACC is 15%? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55.

Project A $____

Project B $_____

b. What are the projects' IRRs assuming the WACC is 5%? Round your answer to two decimal places.

Project A ____%

Project B ____%

What are the projects' IRRs assuming the WACC is 10%? Round your answer to two decimal places.

Project A ____%

Project B _____%

What are the projects' IRRs assuming the WACC is 15%? Round your answer to two decimal places.

Project A ____%

Project B _____%

c. If the WACC were 5% and A and B were mutually exclusive, which would you choose? (Hint: The crossover rate is 10.72%.)

If the WACC were 10% and A and B were mutually exclusive, which would you choose? (Hint: The crossover rate is 10.72%.)

If the WACC were 15% and A and B were mutually exclusive, which would you choose? (Hint: The crossover rate is 10.72%.)