Financial Management Chapters 9 and 10

Homework 7: Chapter 9 & 10 Question 1 (of 14) 1.NO0 points value: 10.00 points Garage, Inc., has identified the following two mutually exclusive projects: Cash Flow Year Cash Flow (A) 0 2 4 - 28,800 $28,800 4,200 9,700 15,000 16,600 14,200 12,100 9,100 5,000 a-1 What is the IRR for each of these projects? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project A Project B 0 a-2 Using the IRR decision rule, which project should the company accept? Project A Project B a-3 Is this decision necessarily correct? Yes 0