Bruin, Inc., has identified the following two mutually exclusive projects:

Year	Cash Flow (A)	Cash Flow (B)
0	-$28,700	-$28,700
1	$14,100	$4,150
2	$12,000	$9,650
3	$9,050	$14,900
4	$4,950	$16,500

If the required return is 12 percent, what is the NPV for each of these projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Project A: $3,043.04

Project B: $3,789.85

At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Discount rate: