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Garage, Inc., has identified the following two mutually exclusive projects: Year Cash Flow A Cash Flow B 0 -28000 -28000 1 13500 3850 2 11400

Garage, Inc., has identified the following two mutually exclusive projects:
Year Cash Flow A Cash Flow B
0 -28000 -28000
1 13500 3850
2 11400 9350
3 8750 14300
4 4650 15900

At what discount rate would the company be indifferent between these two projects?

Discount rate_____%

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