Here are the cash flows for two mutually exclusive projects: Project C0 C1 C2 C3 A $ 40,400 +$ 16,200 +$ 16,200 +$ 16,200 B 40,400 0 0 + 50,700 a. Given the following interest rates (0%, 2%, 4%, 6%, 8%, 10%, 12%, 14%, 16%, 18%, 20%), above what interest rates would you prefer project A to B? b. What is the IRR of each project? (Round your answers to 2 decimal places.)

Here are the cash flows for two mutually exclusive projects: Ci C2 C3 Project B -40, 400 540,400 +$ 16,200 +$ 16,200 +$ 16,200 +50, 700 0 0 a. Given the following interest rates (0%, 2%, 4%, 6%, 8%, 10%, 12%, 14%, 16%, 18%, 20%), above 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 A % Project B % IRR