Here are the cash flows for two mutually exclusive projects:

Project	C0				C1				C2				C3
A	$	28,400			+$	11,220			+$	11,220			+$	11,220
B		28,400				0				0			+	35,700

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: co C1 C3 Project A +$11,220 $ 28,400 - 28,400 +$11,220 0 +$ 11,220 +35,700 B 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 6% b. What is the IRR of each project? (Round your answers to 2 decimal places.) Project A 8.90 % Project B 7.92 % IRR