Problem 9-12 NPV versus IRR (LO1, 5] Bruin, Inc., has identified the following two mutually exclusive projects: Year 0 1 WN-C Cash Flow (A) Cash Flow (B) -$29,600 -$29,600 15,000 4,600 12,900 10,100 9,500 15,800 5,400 17,400 4 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.) Project A Project B % % a-2 Using the IRR decision rule, which project should the company accept? O Project A O Project B a-3 Is this decision necessarily correct? Yes b-1 If the required return is 11 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.) Project A Project B b-2Which project will the company choose if it applies the NPV decision rule? Project A O Project B c. At what discount rate would the company 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.) Discount rate %