Consider two mutually exclusive R&D projects that ADM is considering. Assume the discount rate for ADM is 13 percent. 26 Project Server CPU.13 micron processing project A: By shrinking the dle size to 13 micron, ADM will be able to offer server CPU chips with lower power consumption and heat generation, meaning faster CPUs. 5 points & 00:56:33 B: Project New telecom chip project Entry into this industry will require introduction of a new chip for cell phones. The know-how will require a large amount of up-front capital, but success of the project will lead to large cash flows later on. Year Project A Project B 0 5795,000 $1,009,000 1 358,000 262.000 2 382,000 383,000 3 264,000 378,000 4 189,000 427,000 5 138,000 514,000 5 points Complete the following table: (Do not round intermediate calculations. Enter the IRR as a percent. Round your profitability index (Pl) answers to 3 decimal places (e.g., 32.161) and other answers to 2 decimal places (e.g., 32.16).) 8 00:56:24 Project A Project B NPV IRR PI 1% 7% What is the incremental IRR of investing in the larger project? (Do not round intermediate calculations. Enter your answer as a percent and round your answer to 2 decimal places (e.g., 32.16).) Incremental IRR %