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A firm is considering two projects, A and B. Each project will last for 4 years. The projects are MUTUALLY EXCLUSIVE. The projected cash

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A firm is considering two projects, A and B. Each project will last for 4 years. The projects are MUTUALLY EXCLUSIVE. The projected cash flows for each project are shown below: Year Project A Project B 0 1 2 3 4 -19.00 8.00 8.00 7.00 4.00 -30.00 10.00 10.00 11.00 8.00 The cost of capital facing the firm is 4.00%. What is the IRR of project A? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Show Hint

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