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3. [3 points] You are considering the following two mutually exclusive projects, with cash flows shown in the table below. On the basis of the

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3. [3 points] You are considering the following two mutually exclusive projects, with cash flows shown in the table below. On the basis of the IRR criterion, which project should you choose under an infinite planning horizon when project repeatability is likely? Assume that MARR = 15%. n o Project A ($5,000) 3,000 4,000 4,000 Project B ($10,000) 8,000 8,000 49.49% 39.97%

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