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. Project A More info - Project A Costs $280,000 and offers eight annual net cash inflows of $54,000 McKnight Products requires an annual return of 16% on investments of this nature. - Project B: Costs $390,000 and offers 10 annual net cash inflows of $78,000 McKnight Products demands an annual return of 14% on investments of this nature