Here are the cash flows for two mutually exclusive projects: Project A B Co -$ 32,000 - 32,000 C1 +$12,700 C2 +$12,700 0 C3 +$ 12,700 + 40,200 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 8 X % b. What is the IRR of each project? (Round your answers to 2 decimal places.) Project A 9.26 % Project B 7.90 % IRR