Missing the discount rate

Problem 9-12 NPV versus IRR LO1, 5] Garage, Inc., has identified the following two mutually exclusive projects Cash Flow Year Cash Flow (A) -$ 29,100$ 29,100 4,350 9,850 15,300 16,900 14,500 12,400 9,250 5,150 a-1 What is the IRR for each of these projects? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project A Project B 18.79 % 17.55 % a-2 Using the IRR decision rule, which project should the company accept? Project A O Project B a-3 Is this decision necessarily correct? Yes b-1 If the required return is 12 percent, what is the NPV for each of these projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV Project A Project B 3588.52 4266.78 b-2 Which project will the company choose if it applies the NPV decision rule? O Project A Project B c. At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Discount rate