Mahjong, Inc., has identified the following two mutually exclusive projects:

Year	Cash Flow (A)	Cash Flow (B)
0	$41,000	$41,000
1	19,400	5,600
2	14,900	12,100
3	12,400	18,600
4	9,400	22,600

Required:

(a)	What is the IRR for Project A?
	(Click to select)16.39%16.71%15.91%15.43%15.11%

(b)	What is the IRR for Project B?
	(Click to select)13.84%13.18%13.58%12.52%12.78%

(c)	If the required return is 7 percent, what is the NPV for Project A?
	(Click to select)$7,661.54$7,215.24$7,810.31$7,438.39$7,066.47

(d)	If the required return is 7 percent, what is the NPV for Project B?
	(Click to select)$7,443.63$7,588.17$7,010.03$7,226.83$6,865.49

(e)	At what discount rate would the company be indifferent between these two projects?