Projects A and B are mutually exclusive, The required return is 10%

Year	Cash Flow (A)	Cash Flow (B)
0	-20,000	-175,000
1	10,000	80,000
2	11,000	35,000
3	11,000	125,000

Calculate IRR for Project A

a) 10.65%

b) 20.00%

c) 27.22%

d) 14.18%

e) 17.42%