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Mahjong, Inc., has identified two mutually exclusive projects, project A & B. At what discount rate would the company be indifferent between these two? Year

Mahjong, Inc., has identified two mutually exclusive projects, project A & B.

At what discount rate would the company be indifferent between these two?

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Year Cash Flow (A) A NO 1 2 3 -$43,000 23,000 17,900 12,400 9,400 Cash Flow (B) -$43,000 7,000 13,800 24,000 26,000

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