Consider the following projects being considered by White 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: Project B : - Project A: Costs $280,000 and offers eight annual net cash inflows of $52,000. White Products requires an annual return of 14% on investments of this nature. - Project B: Costs $370,000 and offers 10 annual net cash inflows of $73,000. White Products demands an annual return of 12% on investments of this nature. Present Value of Ordinary Annuity of $1 Present Value of $1 The IRR for each project is: Project A: Project B : 910%1214%1012%