Problem 9-12 NPV versus IRR [LO1, 5] Bruin, Incorporated, has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$ 28,700 -$ 28,700 1 14,100 4,150 2 12,000 9,650 9,050 4,950 14,900 16,500 3 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 Answer is complete and correct. 17.85 % 17.01 % 2. Using the IRR decision rule, which project should the company accept? a- 3. Project A Project B Is this decision necessarily correct? Yes No b- If the required return is 12 percent, what is the NPV for each of these projects? (Do 1. not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is complete and correct. Project A $ 3,043.04 Project B $ 3,789.85 b- 2. Which project will the company choose if it applies the NPV decision rule? Project A 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 %