Baxters Market is considering Project A and Project B as following. These projects are mutually exclusive with the 10 percent required rate of return. Calculate the incremental internal rate of return.

Year	Project A	Project B
0	-1,000,000	-150,000
1	350,000	150,000
2	350,000	150,000
3	350,000	150,000
4	350,000	150,000
5	350,000	150,000

Multiple Choice

• 9.85 percent

• 11.06 percent

• 12.65 percent

• 5.67 percent

• 2.89 percent