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Piercy, LLC , has identified the following two mutually exclusive projects: Year Cash Flow ( A ) Cash Flow ( B ) 0 $ 5

Piercy, LLC, has identified the following two mutually exclusive projects:
Year Cash Flow (A) Cash Flow (B)
0$ 51,000$ 51,000
127,00014,900
221,00018,900
316,50023,000
412,20025,900
a-1. What is the IRR for each of these projects? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.)
a-2. If you apply the IRR decision rule, which project should the company accept?
b-1. Assume the required return is 10 percent. What is the NPV for each of these projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
b-2. Which project will you choose of you apply the NPV decision rule?
c-1. Over what range of discount rates would you choose Project A?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
c-2. Over what range of discount rates would you choose Project B?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
d. At what discount rate would you be indifferent between these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)

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