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

0

1

2

3

Project A	-$25	$5	$10	$17
Project B	-$20	$10	$9	$6

What are the projects' NPVs assuming the WACC is 5%? Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to two decimal places.

A. Project A: $ _____ million

B. Project B: $ ______ million

What are the projects' NPVs assuming the WACC is 10%? Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to two decimal places.

C. Project A: $ ______ million

D. Project B: $ ______ million

What are the projects' NPVs assuming the WACC is 15%? Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to two decimal places.

E. Project A: $ ______ million

F. Project B: $ ______ million

What are the projects' IRRs assuming the WACC is 5%? Do not round intermediate calculations. Round your answer to two decimal places.

G. Project A: _______ %

H. Project B: _______ %

What are the projects' IRRs assuming the WACC is 10%? Do not round intermediate calculations. Round your answer to two decimal places.

I. Project A: _______ %

J. Project B: _______ %

K. What are the projects' IRRs assuming the WACC is 15%? Do not round intermediate calculations. Round your answer to two decimal places.

Project A: ______ %

Project B: ______ %

L. If the WACC was 5% and A and B were mutually exclusive, which project would you choose? (Hint: The crossover rate is 7.81%.)

-Select-A. Project B. Project C. Neither A nor B

M. If the WACC was 10% and A and B were mutually exclusive, which project would you choose? (Hint: The crossover rate is 7.81%.)

-Select-A. Project B. Project C. Neither A nor B

N. If the WACC was 15% and A and B were mutually exclusive, which project would you choose? (Hint: The crossover rate is 7.81%.)

-Select-A. Project B. Project C. Neither A nor B