D.) What is the IRR for each project? (Do not round intermediated calculations. Enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)

Consider the following two mutually exclusive projects: Year 0 Cash Flow Cash Flow (A) (B) $353,000 $48,500 42,000 23,700 62,000 21,700 62,000 19,200 437,000 14,300 1 2 3 4 Whichever project you choose, if any, you require a return of 16 percent on your investment