Question: Please show work without using excel please. thank you! Your company is considering two mutually exclusive projects. The projects have the following cash flows: Project

Please show work without using excel please. thank you! Your company isPlease show work without using excel please. thank you!

Your company is considering two mutually exclusive projects. The projects have the following cash flows: Project A Year Cash Flows 0 -$1,200 1 +$ 200 2 +$ 300 3 +$ 600 4 +$ 900 Project B Cash Flows -$1,000 +$ 800 +$ 400 +$ 300 +$ 100 If the cost of capital for both projects is 10%, then what is the IRR for the project that has the highest NPV? A)18.48% B) 23.51% C) 24.83% D) 28.23% E) 31.92%

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