Question: Lithium Inc. is considering two mutually exclusive projects, A & B. project cost $95,000 and is expected to generate $65,000 in year one and $75,000

Lithium Inc. is considering two mutually exclusive projects, A & B. project cost $95,000 and is expected to generate $65,000 in year one and $75,000 in year two. project B costs $120,000 and is expected to generate $64,000 in year one, $67,000 in year two, $56,000 in year three and $45,000 in year four. Lithium Inc.s required rate of return for these projects is 10%. The modified internal rate for project A is? A. 29.63% B. 19.19% C. 26.89% D. 24.28%

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