Problem 8-14 NPV versus IRR (LO1, LO2) Here are the cash flows for two mutually exclusive projects: Co Project A C2 C3 C +$ 15,200 +$15,200 38,000 -38,000 B +$ 15,200 + 47,700 a. Given the following interest rates (0%, 2%, 4%, 6%, 8%, 10%, 12%, 14%, 16%, 18%, 20%), above what interest rates would you prefer project A to B? Interest rates above % b. What is the IRR of each project? (Round your answers to 2 decimal places.) Project A % Project B % IRR