Piercy, LLC, has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$ 77,500 -$ 77,500 1 43,000 21,500 2 29,000 28,000 3 32,000 45,000 4 21,000 41,000 a-1. What is the IRR for each of these projects? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) a-2. If you apply the IRR decision rule, which project should the company accept? b-1. Assume the required return is 11 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.) b-2.Which project will you choose if you apply the NPV decision rule? Answer is complete and correct. a- 1. 25.36 % Project A Project B Project acceptance 23.36 % Project A 2 b- 1. Project A $ 22,007 26 $ 24,506.38 b- 2 Project B Project acceptance Project B C-1. Over what range of discount rates would you choose Project A? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c-2. Over what range of discount rates would you choose Project B? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) C-3.At what discount rate would you be indifferent between these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Project A Above 13.18 % an interest rate of an interest rate of Below 13.18 % Project B Indifferent interest 13.18 % rate