Consider projects A and B:

Cash Flows $($dollars$)$

Project C$0$ C$1$ C$2$ NPV at $10\%$

A $36,00025,80025,800+$ $$8,776\mathrm{.}86$

B $56,00039,00039,000+11,685\mathrm{.}95$

a$.$

Calculate IRRs for A and B$.($Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

Project IRR

A

$\%$

B

$\%$

b$.$ Which project does the IRR rule suggest is best?

multiple choice $1$

Project A

Project B