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

Year     Cash Flow A         Cash Flow B

0               -$38,500             -$39,200

1               18,900                   8,800

2              17,350                   14,200

3               19,100                 21,900

4                7,600                    22,900

At which rate would you be indifferent about which project to pick?