Consider projects A and B:

	Cash Flows (dollars)
Project	C0	C1	C2	NPV at 11%
A	30,500	21,400	21,400	+	$6,148
B	50,500	33,500	33,500	+	6,870

a.	Calculate IRRs for A and B. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

Project	IRR
A	%
B	%