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 | $-84,970 | $-76,998 |
| 1 | $28,191 | $25,368 |
| 2 | $40,517 | $36,146 |
| 3 | $29,277 | $23,626 |
What is the incremental IRR (i.e., crossover rate)? (Answer in percentage terms and round answer to 2 decimals)
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