Consider projects A and B:

	Cash Flows (dollars)
Project	C0	C1	C2	NPV at 10%
A	34,500	24,600	24,600	+	$8,194.21
B	54,500	37,500	37,500	+	10,582.64

a.	Calculate IRRs for A and B. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Project	IRR
A	%
B	%

b.	Which project does the IRR rule suggest is best?
	multiple choice 1 Project A Project B

c.	Which project is really best?
	multiple choice 2 Project A Project B

Vital Silence, Inc., has a project with the following cash flows:

Year	Cash Flow
0	$	27,700
1		11,700
2		14,700
3		10,700

The appropriate discount rate is 18 percent. What is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)