Question: Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$365,000 -$40,000 1 38,000 20,300 2 47,000 15.200 3 62,000

 Consider the following two mutually exclusive projects: Year Cash Flow (A)

Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$365,000 -$40,000 1 38,000 20,300 2 47,000 15.200 3 62,000 14.100 4 455,000 11,200 What is the internal rate of return (IRR) for project B? (keep at least 2 decimals, if your answer is 12.21%, type in 0.1221, do not use % sign) Numeric Response

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