please show the solution steps

1. Consider the mutually exclusive investment projects given in the table below for which MARR = 15%. Assuming that each project can be repeated with the same conditions, determine whether the incremental project is a simpleon-simple and pure/mixed investment, then use MIRR criterion to select one of the projects. Also assume the financing rate equals the MARR, that is b= 15%. 1 Click the icon to view the cash flows for the investment projects. MIRR of the incremental investment is %. (Round to one decimal place.) Therefore, I would select O Project B Project A 1: More Info n 0 1 Net Cash Flow Project A Project B - $5,000 - $11,000 3,000 9,000 4,000 9,000 4,000 49.39% 40.18% 2 3 IRR