Question: Pls, help me solve this without Excel. I got this incorrect A firm is considering two projects, A and B. Each project will last for

Pls, help me solve this without Excel. I got this incorrect

A firm is considering two projects, A and B. Each project will last for 4 years. The projects are MUTUALLY EXCLUSIVE. The projected cash flows for each project are shown below:

Year 0 1 2 3 4
Project A -20.00 8.00 7.00 6.00 4.00
Project B -30.00 12.00 12.00 10.00 11.00

The cost of capital facing the firm is 9.00%.

What is the IRR of Project A?

Answer Format: 2 decimals with %

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