Bruin, Incorporated, has identified the following two mutually exclusive projects: Cash Flow (B) -$28,500 4,050 9,550 14,700 16,300 Year Cash Flow (A) 0 1 2 3 4 a-1. What is the IRR for each of these projects? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Project A Project B a- 2. -$28,500 13,900 11,800 8,950 4,850 a- 3. Using the IRR decision rule, which project should the company accept? O Project A O Project B % % Is this decision necessarily correct? O Yes O No

Bruin, Incorporated, has identified the following two mutually exclusive projects: a-1. What is the IRR for each of these projects? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) a- Using the IRR decision rule, which project should the company accept? Project A Project B 3. Is this decision necessarily correct? Yes No a- 3. Is this decision necessarily correct? Yes No b- If the required return is 11 percent, what is the NPV for each of these projects? (Do 1. not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b- 2. Which project will the company choose if it applies the NPV decision rule? Project A Project B c. 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.)