Piercy, LLC, has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$54,000 -$54,000 1 30,000 17,600 2. 24,000 21,600 3 18,000 26,000 4 12,800 25,600 WN- 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 14 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 of you apply the NPV decision rule? 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.) d. 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.) 657 12 % 181.12% a-1. Project A Project B a-2. b-1. Project A Project B Project A S 24 78 812 65 $ 657.12% a-1. Project A Project B 181.12 % a-2. Project A $ 24.78 b-1. Project A Project B b-2. $ 812 65 Project B C-1. Above % C-2. Above % d. Discount rate %