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

Year	Cash Flow (A)	Cash Flow (B)
0	$ 53,000	$ 53,000
1	29,000	16,700
2	23,000	20,700
3	17,500	25,000
4	12,600	25,700

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 13 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.