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Consider projects A and B: Cash Flows (dollars) Project C0 C1 C2 NPV at 12% A 40,000 29,000 29,000 + $9,011 B 60,000 43,000 43,000

Consider projects A and B:

Cash Flows (dollars)

Project C0 C1 C2 NPV at 12% A 40,000 29,000 29,000 + $9,011

B 60,000 43,000 43,000 + 12,672

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 ___ %

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