Question: A developer is considering two projects. Project A has a capital cost of $3,234,678.960831 and a life of 18 years. Income for the project will

A developer is considering two projects.

Project A has a capital cost of $3,234,678.960831 and a life of 18 years. Income for the project will be $420,000 per year. There is no salvage value.

What is the Internal Rate of Return for Project A? (Answer to the nearest percent, if you think the answer is 12% then answer 12)____________

Project B has a capital cost of $958,644.97198 and a life of 12 years. Income for the project will be $200,000 per year. There is no salvage value.

What is the Internal Rate of Return for Project B? (Answer to the nearest percent) ____________

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