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

Year	Cash Flow (A)	Cash Flow (B)
0	$37,100	$37,100
1	19,480	6,940
2	14,980	13,440
3	12,480	19,940
4	9,480	23,940

(a) What is the IRR for Project A? 22.14; 21.48; 22.8; 23.25; 21.03

(b) What is the IRR for Project B? 21.28; 20.64 ; 20.22; 21.92; 22.34;

(c) If the required return is 13 percent, what is the NPV for Project A? 6017.3; 6524.02; 6650.7; 6334; 6143.98

(d) If the required return is 13 percent, what is the NPV for Project B? 8311.43; 8472.82; 7827.27; 8069.35; 7665.88

(e) At what discount rate would the company be indifferent between these two projects? 18.48; 18.1; 19.62; 20; 19.05