Zayas, LLC, has identified the following two mutually exclusive projects:

Year	Cash Flow (A)				Cash Flow (B)
0		?$	53,000			?$	53,000
1			29,000				16,700
2			23,000				20,700
3			17,500				25,000
4			12,600				25,700

a. What is the IRR for each of these projects? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

	Internal rate of return
Project A	%
Project B	%

If you apply the IRR decision rule, which project should the company accept? (Click to select)Project BProject A b. Assume the required return is 13 percent. What is the NPV for each of these projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	Net present value
Project A	$
Project B	$

Which project will you choose if you apply the NPV decision rule? (Click to select)Project AProject B c. Over what range of discount rates would you choose Project A? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Project A (Click to select)AboveBelow % Over what range of discount rates would you choose Project B? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Project B (Click to select)AboveBelow %

At what discount rate would you be indifferent between these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Discount rate %