2. ( 20 points) Your company is considering two mutually exclusive projects, A, and B. That is, either A or B or neither will be picked. A and B cannot be accepted together. Project A has an IRR of 12%, while project B has zero NPV when MARR is 14%. When MARR is 7%, both projects have the same NPV. Either project has an initial cash outflow followed by cash inflows for 5 years. a) (10 points) At MARR = 13%, which project's NPV will be higher? Why? b) (10 points) At AMRR = 9% will the incremental IRR of B over A be preferred to market? Why