A company is considering two mutually exclusive expansion plans. Plan A requires a $39 million expenditure on a large-scale integrated plant that would provide expected cash flows of $6.23 million per year for 20 years. Plan B requires a $11 million expenditure to build a somewhat less efficient, more labor-intensive plant with an expected cash flow of $2.47 million per year for 20 years. The firm’s WACC is 10%.

Q. Calculate each project’s NPV. Round your answers to two decimal places. Do not round your intermediate calculations. Enter your answers in millions.

Q. Calculate each project’s IRR. Round your answer to two decimal places