... cash flows of $5,000,000 at the end of each of the next years However, the facility will have to be repaired at a cost of $6,000,000 at the end of the second year Thus, at the end of Year there will ... cash flows of $500,000 at the end of each of the next 20 years However, repairs that will cost $1,000,000 must be incurred at the end of the 10th year Thus, at the end of Year 10 there will be ... internal rate of return of 18 percent, while Project B has an internal rate of return of 30 percent The two projects have the same risk, the same cost of capital, and the timing of the cash flows...