Question: Lithium. Inc. is considering two mutually exclusive projects, A and 8. Project A costs $95,000 and is expected to generate $65,000 in year one and

Lithium. Inc. is considering two mutually exclusive projects, A and 8. Project A costs $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%. What is the internal rate of return for Project A

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