Bruin, Incorporated, has identified the following two mutually exclusive projects:

Year Cash Flow A Cash Flow B

$ $

a What is the IRR for each of these projects?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to decimal places, eg

a If you apply the IRR decision rule, which project should the company accept?

b Assume the required return is percent. What is the NPV for each of these projects?

Note: Do not round intermediate calculations and round your answers to decimal places, eg

b Which project will you choose of you apply the NPV decision rule?

c Over what range of discount rates would you choose Project A

Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg

c Over what range of discount rates would you choose Project B

Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg

d At what discount rate would you be indifferent between these two projects?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg