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

Year	Cashflow A $	Cashflow B $
0	-29000	-29000
1	14400	4300
2	12300	9800
3	9200	15200
4	5100	16800

Requirements:

1. Using the IRR decision rule, which project should the company accept? Is this decision necessarily correct?

If the required return is 12 percent, which project will the company choose if it applies the NPV decision rule?