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Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a return of 16 percent on your investment. What is

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Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a return of 16 percent on your investment. What is the IRR for each project? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) If you apply the IRR criterion, which investment will you choose? Project A Project B What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.)

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