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Problem 9-12 NPV versus IRR [LO1, 5] Bruin, Inc., has identified the following two mutually exclusive projects: Year 0 Cash Flow (A) Cash Flow (B)

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Problem 9-12 NPV versus IRR [LO1, 5] Bruin, Inc., has identified the following two mutually exclusive projects: Year 0 Cash Flow (A) Cash Flow (B) $28,500 $28,500 2 3 4 13,900 11,800 8,950 4,850 4,050 9,550 14,700 16,300 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.) Answer is complete and correct. 17.37 % Project A Project B 16.73 %

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