Project A has an initial cost of $22,400 and cash flows of $7,100, $8,800, and $1,900 for Years 1 to 3, respectively. Project B has an initial cost of $37,200 and cash flows of $18,300, $17,900, and $2,700 for Years 1 to 3, respectively. What is the incremental IRR?

15.67%

27.31%

23.38%

15.91%

13.54%