Question: You are analyzing the following two mutually exclusive projects and have developed the following information: Year Project A Cash Flows Project B Cash Flows 0
You are analyzing the following two mutually exclusive projects and have developed the following information:
| Year | Project A Cash Flows | Project B Cash Flows |
| 0 | $-86,204 | $-77,923 |
| 1 | $31,304 | $25,972 |
| 2 | $40,882 | $34,858 |
| 3 | $28,853 | $25,208 |
What is the incremental IRR (i.e., crossover rate)? (Answer in percentage terms and round answer to 2 decimals)
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