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One rejected six - year project had cash flows of Year 0 1 2 3 4 5 A $ 1 0 , 0 0 0

One rejected six-year project had cash flows of
Year 012345
A $10,000 $1,000 $2,000 $3,000 $4,000 $5,000
One accepted project had cash flows of
Year 012345
B $10,000 $5,000 $4,000 $3,000 $2,000 $1,000
If the management used solely IRR analysis to make decisions, what can you infer about the management's cost of capital estimate? (Report your answer as the positive difference between the maximum and minimum possible costs of capital to at least 4 decimal places.)

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