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Consider the following two mutually exclusive projects: Cash Flow Cash Year (A) Flow (B) 0-$365,000-$40,000 1 $38,000 $20,300 2 $47,000 $15,200 $62,000 $14,100 $450,000 $11,000

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Consider the following two mutually exclusive projects: Cash Flow Cash Year (A) Flow (B) 0-$365,000-$40,000 1 $38,000 $20,300 2 $47,000 $15,200 $62,000 $14,100 $450,000 $11,000 What is the IRR of Project (B)? The discount rate is 12%. Format your answer appropriately to two decimal places using appropriate symbols. A/ 34

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