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Compute the IRR for the cash flows of the following two projects: (Do not round intermediate calculations. Round the answers to 2 decimal places.) Cash
Compute the IRR for the cash flows of the following two projects: (Do not round intermediate calculations. Round the answers to 2 decimal places.)
Cash flow ($) | ||||
Year | Project A | Project B | ||
0 | $ | 5,300 | $ | 2,900 |
1 | 2,000 | 1,100 | ||
2 | 2,800 | 1,800 | ||
3 | 1,600 | 1,200 | ||
Internal rate of return | ||
Project A | % | |
Project B | % | |
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