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Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $427,000 $41,000 1 43,000 20,600 2 63,000 13,100 3 80,000

Consider the following two mutually exclusive projects:
Year Cash Flow (A) Cash Flow (B)
0 $427,000 $41,000
1 43,000 20,600
2 63,000 13,100
3 80,000 19,600
4 542,000 16,400

The required return on these investments is 13 percent.

. 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.)

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