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

Year	Cash Flow (A)				Cash Flow (B)
0	$	28,500			$	28,500
1		13,900				4,050
2		11,800				9,550
3		8,950				14,700
4		4,850				16,300

a-1	What is the IRR for each of these projects?

b-1	If the required return is 11 percent, what is the NPV for each of these projects?

c.	At what discount rate would the company be indifferent between these two projects?