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Garage, Inc., has identified the following two mutually exclusive projects: Cash Flow Year Cash Flow (A) 0 29,000 - 29,000 4,300 9,800 5,200 16,800 14,400

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Garage, Inc., has identified the following two mutually exclusive projects: Cash Flow Year Cash Flow (A) 0 29,000 - 29,000 4,300 9,800 5,200 16,800 14,400 12,300 9,200 5,100 4 s the IRR for each of these projects? (Do not round intermediate calculations and round our final answers to 2 decimal places. (e.g., 32.16) IRR Project A Project B a-2 Using the IRR decision rule, which project should the company accept? Project A Project B a-3 Is this decision necessarily correct? Yes No

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