In: Finance
14.2 Better Health, Inc is a evaluating two investment projects, each of which requires an up-front expenditure of $1.5 million. The projects are expected to produce the following net cash inflows: Project A Project B Year $500,000 $2,000,00 1 1,000,000 1,000,000 2 2,000,000 600,000 3 ($1,500,000) a. What is each project's IRR? b. What is each project's NPV if the cost of capital is 10 percent? 5 percent? 15 percent?