Question 14 The Collins Group. a software firm, has hired you to evaluate two mutually pro when you flows last for 4 years 1 o ($455.000) ($65.000) B $58.000 $31,000 $85.000 $28.000 $85.000 $25,500 $572.000 $19.000 Note that the negative cash flows in year O means that Project A requires an initial investment of S455 580 and Project B requires an initial investment of $65,000. The discount rate used for both projects is 11%. Vhat is the IRR (Internal Rate of Return) for Project B? Which Project would you ultimately recommend? Project B's IRR = 11%; Project A should be chosen because of higher discounted payback