Problem 8-14 NPV versus IRR (LOI, LO2) Here are the cash flows for two mutually exclusive projects: C2 C3 Project A C1 +$10,300 $26,000 +$10,300 0 +$ 10,300 +32,700 B -26,000 0 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 1% IRR