10.

value: 6.00 points

Mahjong, Inc., has identified the following two mutually exclusive projects:

Year	Cash Flow (A)	Cash Flow (B)
0	$37,000	$37,000
1	19,000	6,000
2	14,500	12,500
3	12,000	19,000
4	9,000	23,000

Required:

(a)	What is the IRR for Project A?
	(Click to select)21.32%19.69%20.3%20.91%19.28%

(b)	What is the IRR for Project B?
	(Click to select)19.11%17.99%19.48%18.55%17.62%

(c)	If the required return is 11 percent, what is the NPV for Project A?
	(Click to select)$6,390.86$6,588.52$6,786.18$6,259.09$6,917.95

(d)	If the required return is 11 percent, what is the NPV for Project B?
	(Click to select)$7,214.42$7,366.31$7,973.84$7,821.95$7,594.13

(e)	At what discount rate would the company be indifferent between these two projects?
	(Click to select)14.96%14.25%13.82%13.54%14.68%