Your division is considering two investment projects, each of which requires an upfront expenditure of $15 million. You estimate that the investments will produce the following net cash flows:
Year
ProjectA
ProjectB1
$5,000,000,
$20,000,0002
10,000,000
10,000,0003
20,000,000
6,000,000
What are the two projects IRR’s if the cost of capital is 5%, 10%, and 15%?What are the two projects IRR At these same cost capital?