5. IRR Project K costs $43,989.34, its expected cash inflows are $9,000 per year for 10 years, and its WACC is 11%. What is the project's IRR? Round your answer to two decimal places. Capital budgeting criteria: mutually exclusive projects A firm with a WACC of 10% is considering the following mutually exclusive projects: Project A -$350 $55 $55 Project B -$550 $350 $350 Which project would you recommend? $55 $70 $195 $70 $195 $70 Select the correct answer. O I. Neither A or B, since each project's NPV 0. O III. Project B, since the NPV8 > NPVA IV. Both Projects A and B, since both projects have IRR's > 0. O V. Project A, since the NPVA > NPVB