11.4 Wallace Company is considering two projects. Their required rate of return is 10%. Project A Project

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11.4 Wallace Company is considering two projects. Their required rate of return is 10%.

Project A Project B Initial investment $170,000 $48,000 Annual cash flows $41,352 $12,022 Life of the project 6 years 5 years Which of the two projects, A or B, is better in terms of internal rate of return?

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