Consider the following projects being considered by McKnight Products: (Click the icon to view the projects.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Compute the IRR of each project, and use this information to identify the better investment. The IRR for each project is: i More Info Project A: Project B: . is the better investment. Project A: Costs $275,000 and offers seven annual net cash inflows of $56,000. McKnight Products requires an annual return of 12% on investments of this nature. Project B: Costs $390,000 and offers 9 annual net cash inflows of $78,000. McKnight Products demands an annual return of 10% on investments of this nature. The IRR for each project is: Project A: Project B: 12 - 14% 9 - 10% tme 7 -8% 2 ONN News as 53131 1.271 | 3 184 11.15| 0.16 5 483 | 1.07 131 SIM 19 9123.CO 0056.04 0.038 0.15 0.1280.1865068 908 Ch 0.116 00:2009 DISPUB05 0033.02 0021 0.19 0.19 0.116 DCGD 0.080 04 0025 0.0200016 0.01 19:10 082 4:08 03 002 C17 9014 23