Question: Garage, Inc., has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 28,900 $ 28,900 1 14,300 4,250

Garage, Inc., has identified the following two mutually exclusive projects:

Year Cash Flow (A) Cash Flow (B)
0 $ 28,900 $ 28,900
1 14,300 4,250
2 12,200 9,750
3 9,150 15,100
4 5,050 16,700
c.

At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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