Please answer the question directly below.

Background Information:

Internal Rate of Return of Project A:

The Internal Rate of Return of Project B is 11.00%. If Projects A and B are mutually exclusive, considering only the IRR method, which project(s) should Big Company proceed with? Explain your answer. Big Company is evaluating two projects, Project A and Project B. Both projects are of equal risk. Big Company has a WACC of 9%. The expected Free Cash Flows of the projects are as follows: Period Annual Cash Flows Project "A" Annual Cash Flows Project "B" 1 ($1,000) 775 275 120 ($1,000 100 450 745 2 3 1000 = 775/(1+r)^1 +275/(1 + R)^2 + 120/(1+R)^3 Ris 11.73% 1000 = 775/(1+0.1173)^1 +275/(1+0.1173)^2 + 120/(1+0.1173)^3 1000 = 693.6365+ 220.2891 + 86.0343 1000 = 1000 IRR of project A =11.73%