Question: Here are the cash flows for two mutually exclusive projects: Project Co -$ 38,000 - 38,000 C1 +$15,200 +$15,200 0 C3 +$ 15,200 + 47,700

 Here are the cash flows for two mutually exclusive projects: Project

Here are the cash flows for two mutually exclusive projects: Project Co -$ 38,000 - 38,000 C1 +$15,200 +$15,200 0 C3 +$ 15,200 + 47,700 a. At what interest rates would you prefer project A to B? Interest rates above % b. What is the IRR of each project? (Round your answers to 2 decimal places.) Project B Project A % IRR

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