Modern Tech Itd. is considering two projects. Both the projects would require an initial investment of $80,000 and have a useful life of 3 years. The first project A would have cash flow of $35,000 in each of the three years. The second project B would have cash flow of $27,000 in the first year, $35,000 in the second year and $44,000 in the third year. If the projects are mutually exclusive, determine which one should Modern Tech Itd. choose, according to IRR method? Consider the company has a cost of capital of 11%. What is the IRR of Project A?* 4 points Your answer What is the IRR of Project B?* 4 points Your answer Which project Modern Tech Itd. should chose under IRR method? 1 point Project A O Project B