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

Year	Cash Flow A	Cash Flow B
0	-$28,700	-$28,700
1	$14,100	$4,150
2	$12,000	$9,650
3	$9,050	$14,900
4	$4,950	$16,500

What is the IRR for each of these projects?

Project A: 17.84%

Project B: 17%

If the required return is 12 percent, what is the NPV for each of these projects?

NPV Project A: $3,042.70

NPV Project B: $3,789.83

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

Discount rate %: ?