You are asked to value a $($hypothetical$)$ issue of corporate bonds issued by Macy$$s $($ticker M$,$ S&P credit rating $$BB$+)$ with the following characteristics:

Face value $=$ $$1,000$; Annual coupon$=$$$80($paid in quarterly installments$)$; Maturity $=10$ years; Today$$s price $=$ $$967\mathrm{.}50$

What is the Yield to Maturity for those bonds?

$$

The projects will pay the following cash flows at the end of each year:

Year$$ Project A$$ Project B

$0-150-190$

$16010$

$23010$

$33075$

$43080$

$52060$

$62025$

$7105$

$$

A$)$ What are the Internal Rates of Return for Project A and Project B$?$