c.	At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

c. At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))Problem 9-12 NPV versus !RR [L01, 5] Garage, Inc., has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 ?$ 29,700 ?$ 29,700 1 15,100 4,650 2 13,000 10,150 3 9,550 15,900 4 5,450 17,500 a-1 What is the IRR for each of these projects? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) a-2 Using the IRR decision rule, which project should the company accept? ? Project A Project B a-3 Is this decision necessarily correct? b-1 If the required return is 12 percent, what is the NPV for each of these projects? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) NPV $ b-2 Which project will the company choose if it applies the NPV decision rule? c. At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Discount rate %