NPV versus IRR. Framing Hanley, LLC, has identified the following two mutually exclusive projects:
Year Cash Flow (A) Cash Flow (B)
0 -$50,000 -$50,000
1 26,0000 14,000
2 20,000 18,000
3 16,000 22,000
4 12,000 26,000
a. If the required return is 11 percent, what is the NPV for each of these projects?