Consider two streams of cash flows, A and B$.$ Stream A$\text{'}$s first cash flow is $$10,700$ and is

received three years from today. Future cash flows in Stream A grow by $4$ percent in

will continue in perpetuity. Assume that the appropriate discount rate is $12$ percent.

a$.$ What is the present value of each stream? $($A negative amount should be indicated

by a minus sign. Do not round intermediate calculations and round your answers to

$2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ Suppose that the two streams are combined into one project, called $C.$ What is the IRR

of Project C$?($Do not round intermediate calculations and enter your answer as a

percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$