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

Year Cash Flow (A) Cash Flow (B) 0 -$37,300 -$37,300 1 19,660 7,180 2 15,170 13,680 3 12,660 20,160 4 9,660 24,160

Required: (a) What is the IRR for Project A? (Click to select)21.88%22.56%23.69%23.24%21.43%

(b) What is the IRR for Project B? (Click to select)21.09%22.83%20.65%22.39%21.74%

(c) If the required return is 11 percent, what is the NPV for Project A? (Click to select)$7,927.04$8,594.58$8,344.25$8,093.92$8,761.46

(d) If the required return is 11 percent, what is the NPV for Project B? (Click to select)$10,380.86$11,255.04$11,473.58$10,927.22$10,599.4

(e) At what discount rate would the company be indifferent between these two projects? (Click to select)18.99%20.56%20.17%18.6%19.58%