Consider two projects, A and B. Project A's first cash flow is $10,200 and is received three years from today. Future cash flows for Project A grow by 3 percent in perpetuity. Project B's first cash flow is -$9,500, which occurs two years from today, and will continue in E perpetuity. Assume that the appropriate discount rate is 11 percent. a. What is the present value of each project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value Project A $ 1103481.80 Project B $ 77805.02 b. Suppose that the two project are combined into one project, called C. What is the IRR of Project C? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) EIRR %