Garage, Inc., has identified the following two mutually exclusive projects:

Year

Cash Flow (A)

Cash Flow (B)

0

$

29,700

$

29,700

1

15,100

4,650

2

13,000

10,150

3

9,550

15,900

4

5,450

17,500

c.	At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Discount rate

%