Period	Annual Cash Flows Project A	Annual Cash Flows Project B
0	(25,000)	(25,000)
1	5,000	20,000
2	10,000	10,000
3	15,000	8,000
4	20,000	6,000

Big Company is evaluating two projects, Project A and Project B. Both projects are of equal risk. Big Company has a WACC of 10%. The expected free cash flows of the projects are as follows

A. Compute the Internal Rate of Return of Project A.

B. The Internal Rate of Return of Project B is 36.15%. If Projects A and B are independent, considering only at the IRR method, which project(s) should Big Company proceed with? Explain your answer

C. The Internal Rate of Return of Project B is 36.15%. If project(s) A and B mutually exclusive, considering only at the IRR method, which project(s) should Big Company proceed with?