An investor is analyzing two parcels of vacant land to determine which is a better investment to purchase and hold for future appreciation in value. The following are the analysis assumption of the two parcels:

Parcel "A" Parcel "B" Purchase price Carrying costs per year Projected Sale Price Anticipated holding period ($100,000) ($1,500) $180,000 5 years ($150,000) ($2,200) $300,000 7 years What is the projected IRR for each of the parcels? Parcel "A" IRR Parcel B IRR