Gamma Inc. is considering two mutually exclusive projects with the following cash flows. Based on their approximate MIRRs, which project should the company accept? Gamma's cost of capital is 8%. $\begin{array}{lll}
\text { Years } & \text { Project A } & \text { Project B } \
& (\$ \text { in millions) } & (\$ \text { in millions) } \
0 & (100) & (85) \
1 & 65 & 44 \
2 & (8) & (5) \
3 & 48 & 55
\end{array}$

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The Answer of Gamma Inc. is considering two mutually exclusive projects with the following cash flows. Based on their approximate MIRRs, which project should the company accept? Gamma's cost of capital is 8%. $\begin{array}{lll}
\text { Years } & \text { Project A } & \text { Project B } \
& (\$ \text { in millions) } & (\$ \text { in millions) } \
0 & (100) & (85) \
1 & 65 & 44 \
2 & (8) & (5) \
3 & 48 & 55
\end{array}$

Gamma Inc Is Considering Two Mutually Exclusive Projects with the Following