Consider two mutually exclusive projects A and B:

Project Cash Flows $($dollars$)$ NPV at $12\%$

C$0$

C

$0$

C$1$

C

$1$

C$2$

C

$2$

A $35,50025,40025,400+$$ $7,427$

B $55,50038,50038,500+9,567$

Calculate IRRs for A and B$.$

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to $2$ decimal places.