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You are choosing between two projects. The cash flows for the projects are given in the following table
| Project | Year 0 | Year 1 | Year 2 | Year 3 | Year 4 |
| A | $52 | $26 | $21 | $20 | $13 |
| B | $98 | $18 | $42 | $48 | |
a. What are the IRRs of the two projects?
b. If your discount rate is 5.1%, what are the NPVs of the two projects?
c. Why do IRR and NPV rank the two projects differently?
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