#5	A	B
0	$ (28,400.00)	$ (28,400.00)
1	13800	4000
2	11700	9500
3	8900	14600
4	4800	16200
IRR:	17.13%	16.59%
NPV:	$ 10,800.00	$ 15,900.00

In this problem I am comparing cash flows from project A and B above.

The NPV calculated is using 12% as the required return for each of the projects.

Can you please explain how to answer the following: (and show work please)

At what discount rate would the company 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.)