Question: Bruin, Inc., has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$28,600 -$28,600 1 14,000 4,100 2 11,900

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

Year Cash Flow (A) Cash Flow (B)

0 -$28,600 -$28,600

1 14,000 4,100

2 11,900 9,600

3 9,000 14,800

4 4,900 16,400

c.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.)

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