Consider two mutually exclusive R&D projects that Savage Tech is considering. Assume the discount rate for both projects is $9$ percent.

Project A: Server CPU $\mathrm{.}13$ micron processing project

By shrinking the die size to $\mathrm{.}13$ micron, the company will be able to offer server CPU chips with lower power consumption and heat generation, meaning faster CPUs.

Project B: New telecom chip project

Entry into this industry will require introduction of a new chip for cell phones. The know$-$how will require a large amount of up$-$front capital, but success of the project will lead to large cash flows later on$.$

Year Project A Project B

$0$$ $715,000$$ $921,000$

$1342,000257,000$

$2358,000363,000$

$3256,000362,000$

$4181,000413,000$

$5122,000498,000$

Complete the following table:

NPV

IRR

PI

Note: Do not round intermediate calculations. Enter the IRR as a percent. Round your profitability index $($PI$)$ answers to $3$ decimal places, e$.$g$.,32\mathrm{.}161,$ and other answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

What is the incremental IRR of investing in the larger project?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$