Your division is considering two investment projects, each of which requires an upfront expenditure of $15 million. You estimate that the investments...

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                           projectB

1                       $5,000,000                        $20,000,000

2                        10,000,000                        10,000,000

3                        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?