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Mu Corporation is evaluating two investment projects. Project A requires an initial investment of $50,000 and generates cash flows of $15,000 per year for 5

Mu Corporation is evaluating two investment projects. Project A requires an initial investment of $50,000 and generates cash flows of $15,000 per year for 5 years. Project B requires an initial investment of $80,000 and generates cash flows of $20,000 per year for 5 years. Calculate the internal rate of return (IRR) for each project and advise Mu Corporation on which project to pursue.

                 

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