You are considering two independent projects, project A and project B. The initial cash outlay associated with project A is $50,000, and the initial cash outlay associated with project B is $70,000. The required rate of return on both projects is 12 percent. The expected annual free cash inflows from each project are as follows 3. PROJECT A PROJECT B Initial outla Inflow year 1 Inflow year 2 Inflow vear 3 Inflow year 4 Inflow year 5 Inflow year 6 -$50,000 12,000 12,000 12,000 12,000 12,000 12,000 -$70,000 13,000 13,000 13,000 13,000 13,000 13,000 3.6. What must be the interest rate so that NPV for project A is 17,593.75