Parkallen Inc. has identified the following two mutually exclusive projects:

YEAR PROJECT A PROJECT B

0 - $38,975 -$38,975

1 18,105 8,100

2 16,290 13,600

3 13,190 19,000

4 9,090 21,360

a. What is the IRR for each of these projects?

b.If the required return is 11%, what is the NPV for each of these projects?(Do not round intermediate calculations. Round the final answers to 2 decimal places.

c.At what discount rate would the company be indifferent between these two projects?(Do not round intermediate calculations. Round the final answer to 2 decimal places.)