You are considering the following two projects and can take only one. Your cost of capital is $10\mathrm{.}7\%.$ The cash flows for the two projects are as follows $($$ million$)$:

a$.$ What is the IRR of each project?

b$.$ What is the NPV of each project at your cost of capital?

c$.$ At what cost of capital are you indifferent between the two projects?

d$.$ What should you do$?$

a$.$ What is the IRR of each project?

The IRR for project $A$ is $\%.($Round to one decimal place.$)$

Data table

$($Click on the following icon in order to copy its contents into a spreadsheet$)$

$\backslash$table$[[$Project$,$Year $0,$Year $1,$Year $2,$Year $3,$Year $4],[$A$,-$$$100,$$$22,$$$31,$$$39,$$$49$