Question: Suppose you are considering the following two mutually exclusive projects: Cash Cash ar Flow (A) Flow (B) $360,000 $42,000 1 $38,000 $20,300 2 $47,000 $15,200
Suppose you are considering the following two mutually exclusive projects: Cash Cash ar Flow (A) Flow (B) $360,000 $42,000 1 $38,000 $20,300 2 $47,000 $15,200 3 $62,000 $14,100 4 $455,000 $11,200 What is the IRR of Project (B)? The discount rate is 12%. Format your answer appropriately to two decimal places
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