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

Year	Cash Flow (A)	Cash Flow (B)
0	$36,600	$36,600
1	18,930	6,490
2	14,430	12,990
3	11,930	19,490
4	8,930	23,490

Required:

(a)	The IRR for Projects A and B is ___________ percent and __________ percent respectively. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))

(b)	If the required return is 14 percent, the NPV for Projects A and B is $_______ and $________, respectively. You will choose Project _______ (A or B) if you apply the NPV decision rule. (Do not include the dollar signs ($). Round your answers to 2 decimal places. (e.g., 32.16))

(c)	At a discount rate of ________ percent, you would be indifferent between these two projects. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))