Problem 8-14 NPV versus IRR (LO1, LO2) Here are the cash flows for two mutually exclusive projects Project co -$41,600 41,600 51 *$16,700 +516,700 +5 16,200 52,200 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 IRR