Question: Here are the cash flows for two mutually exclusive projects: Project C 0 C 1 C 2 C 3 A $ 23,000 +$ 10,120 +$

Here are the cash flows for two mutually exclusive projects:

Project C0 C1 C2 C3
A $ 23,000 +$ 10,120 +$ 10,120 +$ 10,120
B 23,000 0 0 + 31,050

What is the IRR of each project? (Round your answers to 2 decimal places.)

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