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Please show work without using excel please. thank you! Your company is considering two mutually exclusive projects. The projects have the following cash flows: Project

image text in transcribedPlease show work without using excel please. thank you!

Your company is considering two mutually exclusive projects. The projects have the following cash flows: Project A Year Cash Flows 0 -$1,200 1 +$ 200 2 +$ 300 3 +$ 600 4 +$ 900 Project B Cash Flows -$1,000 +$ 800 +$ 400 +$ 300 +$ 100 If the cost of capital for both projects is 10%, then what is the IRR for the project that has the highest NPV? A)18.48% B) 23.51% C) 24.83% D) 28.23% E) 31.92%

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