Bruin, Incorporated, has identified the following two mutually exclusive projects:

Year	Cash Flow (A)	Cash Flow (B)
0	$ 63,000	$ 63,000
1	39,000	25,700
2	33,000	29,700
3	22,500	35,000
4	14,600	24,700

a-1. What is the IRR for each of these projects?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.

a-2. If you apply the IRR decision rule, which project should the company accept?

b-1. Assume the required return is 14 percent. What is the NPV for each of these projects?

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

b-2. Which project will you choose of you apply the NPV decision rule?

c-1. Over what range of discount rates would you choose Project A?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

c-2. Over what range of discount rates would you choose Project B?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

d. At what discount rate would you be indifferent between these two projects?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.